No. of Recommendations: 9
Didn’t they purchase the glyphosate litigation? Why would I want to own a piece of that kind of decision making?
Clearly the Monsanto acquisition has been disastrous. I stipulate bad management, a huge liability, uncertain outcomes. For you, and probably most other investors, this makes Bayer simply untouchable. That's fine. Perfectly valid perspective.
But if Bayer survives the litigation, contains their liability, and remains a going concern, what's it worth in ten years? 50B, 60B, 70B Euro? Pencil in what you like for those probabilities, discount for time and a margin of safety, and there is a price where it's a good bet. This is also a valid perspective.
