In short: New idea (sharing later in the month) — the Dutch nitrogen-fertilizer group sold ~$11B of assets and declared a €14.5 dividend on a €24 stock; net of the payout it trades ~€10.80 at a negative ~€700M enterprise value (>€3B cash vs ~€2.5B cap). Re-rates 30–40% if management avoids a bad acquisition (or pays another special dividend); risk = a dumb deal or a Dutch withholding tax.
OCI is a Dutch fertilizer company (it makes nitrogen-based fertilizer). It sold off about $11 billion of its businesses at high prices and is handing the cash back to shareholders as a huge €14.5 special dividend on what was a €24 stock.
After that payout the stock is around €10.80 — and the company will still hold more cash (over €3 billion) than its entire market value (~€2.5 billion). That means you're effectively being paid to own the leftover fertilizer business (a "negative enterprise value"). The bet pays 30–40% if management is disciplined — either growing what's left, buying something cheap, or paying another dividend. The risk is they blow the cash on a bad, overpriced acquisition.
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.