Now show Shane Jones......what is bigger than a trillion??
Does anyone have any insights/opinions about Arborgen? Its evolution from Fletcher Forests to Rubicon to Arborgen with no prospect of delivering any value to shareholders is certainly testing my stamina
Does anyone have any insights/opinions about Arborgen? Its evolution from Fletcher Forests to Rubicon to Arborgen with no prospect of delivering any value to shareholders is certainly testing my stamina
Edison is paid to publish once or twice a year a report stating that Rubicon / Arbogen are undervalued (that's what they are doing anyway).
But lets face it, while Arbogen's "product" is not particularly environmentally friendly (their seedlings don't fit into the ecosystems they are planted in and are destroying native landscapes), their biggest problem is in my view a quite self serving board. Directors find always reasons to pay themselves a bonus, but Arbogen / Rubicon manged to refine this discipline to its upmost extreme and provides some outstanding examples of the finest troughers money can buy.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
But lets face it, while Arbogen's "product" is not particularly environmentally friendly (their seedlings don't fit into the ecosystems they are planted in and are destroying native landscapes), their biggest problem is in my view a quite self serving board. Directors find always reasons to pay themselves a bonus, but Arbogen / Rubicon manged to refine this discipline to its upmost extreme and provides some outstanding examples of the finest troughers money can buy.
And the hard wait is that the next review is some way off? or maybe a special review regarding Directors fee increase!
They did some serious financial acrobatics to bring the forecasted EPS into the black ... just wondering whether they did their DCF valuation as well "excluding amortisation and exceptional items"?
But anyway - Edison (for some funny reason referred to as "experts" by the NZ Herald)
always said they are a bargain. Looks like they are consistent ... I suppose as long as Arbogen is able to pay the bribes, oops - fees for their annual analysis.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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