quote:
Originally posted by duncan macgregor
quote:
Originally posted by BRICKS
Allied Farmers unite make`s $2 million Profit, that`s what the headline SAID.. [8D]
They are a bit like PGW bricks wont stick to their knitting. Farms have a very low return on capital [about 3pc] The profit is in lifestyle plus capital gain. This makes for a very good family business, but very poor business risk for absentee farmers. The russians found that out with their collective farms, it simply wont work. When times are bad the spending slows right up, ALF and PGW then suffer a big drop in custom. In good times they spend up big, whoopee the sun shines on the sp.
We are having bad times right now, ask a farmer. ALF and PGW are getting into pie in the sky stuff in the bad times, this looks like egg in the face looming,instead of doing what they do best, and riding it out like their customers. I will be back to invest later if they dont get to stupid. macdunk
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