Street Capitalist: Event Driven Value Investments

I posted this morning about the fact that commodities have risen quickly in just a few years, but that there seemed to be an indication that they would continue their appreciation due to actual demand reasons, rather than pure speculation. I feel like George Soros touches on this below:

Billionaire George Soros said the boom in commodities is still in a “growth phase” after prices for oil, wheat and gold rose to records.“You have a generalized commodity bubble due to commodities having become an asset class that institutions use to an increasing extent,” Soros said today at an event sponsored by the Centre for European Policy Studies in Brussels. “On top of that you have specific factors that create the relative shortage of oil and, now, also food.”

Soros Says Commodity `Bubble’ Still in `Growth Phase’ (Bloomberg)As someone who is primarily focused on finding undervalued companies, it can be a little tough to invest in the kinds of areas that seem overvalued but appear to have room for growth, such as agricultural commodities and fertilizer companies. The way I’m going about this is looking for some hidden or indirect plays at the trend, some of these are pretty illiquid and trade on the Pink Sheets/OTC so I can’t exactly name names until I’m finished doing my buying.