SEOAY - Stora Enso: Fundamental Trends And Momentum Suggest Good Returns
Stora Enso Oyj (OTCPK:SEOAY) is a big investor in tree plantations and companies processing these trees into paper and other wood products. Apart from on the OTC the shares also trade in Helsinki, Finland and in Stockholm, Sweden. The primary listing is in Helsinki. The shares traded in Stockholm are similar to the ADRs traded on the OTC in the US.
What piqued my interest in this company are the huge land holdings. Could they be worth more than book value? It is difficult to say, but I assume the difference is not