Quote Originally Posted by bullfrog View Post
What a mess this sector is in, which is a shame as with kiwibuild kicking in, and a certain degree of protectionism and a weaker dollar(?), MPG is well positioned to make a tidy profit.

What we really need is more greenhouses... OMG, labour’s kiwibuild and the greens, green houses! Goes well with hydroponics, which will be a growth industry after the referendum. Time to double down!
Metro are making heaps at the moment. A 15% EBIT margin is pretty good for this type of industry. And the share price is currently a pretty good reflection of this performance (ie fairly priced)

It’s just that punters want them to make heaps more - pretty hard to do in a market that’s not growing with company considerable capacity issues.

They’ll do ok over time - punters just need to be realistic about what it’s worth.