Stupid index ......almost the equivalent of buying high flyers near their peak and selling the losers and crystallising losses
Went up $2 to ~ $12 when it went into the NZX50 index in June 2016 and probably deserves to go down $2 on its exit and might be somewhere near fair value then but probably still about $1 overpriced based on sensible metrics for a cyclical heavily weather dependent agricultural stock.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think so, but not quite for the reasons in this article.
Two notes:
- Take anything published by Airborne Honey with a grain of salt, their story matches their agenda
- The industry is sh**t scared about the Australians, they are part of a number of forces (most self inflicted) which are reducing Manuka to a commodity.
Funny how he doesn't mention that the reason their company SP is falling is that the market has woken up to the fact that this is nothing but a cyclical agricultural company producing a somewhat cool product BUT a VAST amount of the companies previous growth predictions and profit forecasts have been wildly inaccurate...so inaccurate in my opinion as to very seriously undermine the credibility of the company, its management and the board. I take their profit forecasts with a grain of salt and believe this company is uninvest able. Really their forecasting has been so completely abysmal they should do everyone a favour and keep their mouth shut until the result comes out.
Last edited by Beagle; 18-12-2018 at 09:34 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
so inaccurate in my opinion as to very seriously undermine the credibility of the company, its management and the board. I take their profit forecasts with a grain of salt and believe this company is uninvest able. .
Once bitten eh ???? But IMHO you are correct.. :-)))
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Originally Posted by winner69
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