If I'm right New Zealand is the 2nd largest honey exporter in the world after China.
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If I'm right New Zealand is the 2nd largest honey exporter in the world after China.
Hi all. My latest column published on my Substack, Just the Business, takes a look at what's been happening at honey company Comvita. The headline is: Trying to explain away Comvita's bad news
And you can find it here:
https://substack.com/@justthebusinessjennyruth
You mention ‘explain away’ ….. good term
This bit if sage advice applies to Comvita I reckon -
“in the absence of a track record of accomplishment, you should take a CEO’s plans as hopeful intent. That doesn’t mean they are lying, just that we really don’t necessarily know what they can or cannot do. There is a particular danger if they use language that resonates with you. More than once in my investment career did I fall for someone who said all the right things, except that they hadn’t done them — in the past, or as it turned out, in the future.”
Sounds like the Labour government of Ardern, Hipkins and the Maori Cabal with the woke leftists tuning in on every utterances from the one source of truth?
Comvita of course actually has an excellent brand (best in the manuka honey industry) and is still a profitable outfit. If it gets taken over, there goes another great NZ brand and I am pretty sure the offshore buyer will know how to make the best of the brand.
In any case, David Banfield's implicit strategy of courting a takeover is now in progress?
The supplementation of mānuka honey has been shown to reduce symptoms of functional dyspepsia, New Zealand-based mānuka honey maker Comvita announced....
https://www.nutraingredients-asia.co...epsia-symptoms
CVT traded around $3.40 back then somewhere in August 2023. Today It has dropped to $1.71. What a drop? Any major reason?