Q: TD Web Broker shows Nutrien as trading below book value. The technical chart doesn't look very encouraging, but I see a couple of insiders have bought recently.
With a little investigation there seem to be a couple of hundred Canadian stocks trading at or below book value. Most of them don't look to be neatly as big or as strong financially as Nutrien. Do you see any gems I might have overlooked?
With a little investigation there seem to be a couple of hundred Canadian stocks trading at or below book value. Most of them don't look to be neatly as big or as strong financially as Nutrien. Do you see any gems I might have overlooked?
5i Research Answer:
Data screens and book value ratios can be misleading, as book value might be highly understated,...