Originally Posted by
Blackrose
I am feeling irate at this stock. Seriously I am PMSing over my CVT shares. Fark me. Last year I got sold the story - sells to China, good for bees good for the environment, eco-green shares... only to see it stumble down from double digit figures to single low ones.
I would cuss some more and blame our stupid hippy lefty tendencies that tend to blind one to specifics of the deal, but you know I can hear the chuckling from aged brokers over at the Fisher Funds who are probably sipping Mimosas on the deck of their Takapuna based office and chucking away rubbing their bellys.
But Fark me. SERIOUSLY??? Ok I sorta forgave them for the failure of establishing a proper trading channel to China that the communists would not routinely shake down, but honestly an Australian imported Fungus?
So what now? Well thankfully the chick next to me on my spin class did go on and on about diversification, so the plastic bewb funds, freeze my eggs fund as such remain unaltered just with a dent in it.
But what do we do with a bunch of CVT shares? Do we grind it out and wait for a recovery given that CVT is a market leader and all the other smaller honey producers will be up against the same issue? Is it a case of the larger one can survive as it has enough "fat" on it where as smaller Honey Producers that can't cope with a 2 year down turn will go to the wall quicker thus preserving the story of why I purchased CVT in the first place?
Will the boffins at MPI get their **** together and tell us how far this thing has spread? After all the varoa mite and other various jump scares have been a feature with this trade so there is that. Grouchy vegan whole foods stockists still stock this product along side the mung beans because of it's "health food properties" and have done so for decades after all. Also since this is the same story for anything to do with Dairy Farming (2 years in the hole, big question marks over what will survive) is it a case of chill out and give it a miss?
Advice Please.