Originally Posted by
Roger
Agree 100%. Add in their total inability to forecast, (throwing darts at a dartboard would be more accurate), the fact that there's serious issues with the Govt's new accreditation program for manuka honey, major issues with counterfeit product in China, major issues with an over dependence on the one market, (60% of all the companies sales apparently end up in china), woeful under-recognition of problems to date by management, woeful public and investor relations on their part, once over very lightly indeed with a feather brush when it comes to restructuring if you can call it that last year...have I left anything out by accident...its quite possible as there's simply so many negative factors to remember !
Basically there is no price I would buy this stock at unless there is fresh blood at a board and management level and it reverts to a forward PE of less than 10, (10 is for a well managed proven agricultural company). Frankly this deserves to have its SP literally fall off the face of a cliff.