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17-05-2017, 03:01 PM
#841
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22-05-2017, 03:05 PM
#842
Where's the bottom on this?
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22-05-2017, 03:21 PM
#843
Originally Posted by Ogg
Where's the bottom on this?
what is the meaning of life?
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22-05-2017, 03:22 PM
#844
Originally Posted by Ogg
Where's the bottom on this?
Let me reformulate the question:
Why would people want to buy a share of an underperforming company with inept management and a good portion of bad luck (myrtle rust) added? A forward PE of 37 (corrected: 35, just noticed the price went down to $5.60) in combination with very questionable future growth prospects are hardly compelling reasons to buy in.
Don't think I would want to buy in at any price ... but if you push me really hard: Maybe $1.60 (equating a forward PE of 10), but this would require me to believe the analysts predictions (which I currently don't).
In my view is this a classic example of never buy (or hold) in a downtrend ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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22-05-2017, 03:25 PM
#845
Member
Originally Posted by BlackPeter
Let me reformulate the question:
Why would people want to buy a share of an underperforming company with inept management and a good portion of bad luck (myrtle rust) added? A forward PE of 37 (corrected: 35, just noticed the price went down to $5.60) in combination with very questionable future growth prospects are hardly compelling reasons to buy in.
Don't think I would want to buy in at any price ... but if you push me really hard: Maybe $1.60 (equating a forward PE of 10), but this would require me to believe the analysts predictions (which I currently don't).
In my view is this a classic example of never buy (or hold) in a downtrend ...
Great entry opportunity at this level!
Not
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22-05-2017, 03:39 PM
#846
Originally Posted by BlackPeter
Let me reformulate the question:
Why would people want to buy a share of an underperforming company with inept management and a good portion of bad luck (myrtle rust) added? A forward PE of 37 (corrected: 35, just noticed the price went down to $5.60) in combination with very questionable future growth prospects are hardly compelling reasons to buy in.
Don't think I would want to buy in at any price ... but if you push me really hard: Maybe $1.60 (equating a forward PE of 10), but this would require me to believe the analysts predictions (which I currently don't).
In my view is this a classic example of never buy (or hold) in a downtrend ...
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.
Last edited by Beagle; 22-05-2017 at 03:40 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
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22-05-2017, 04:11 PM
#847
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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22-05-2017, 04:32 PM
#848
Originally Posted by hardt
what is the meaning of life?
42 :-))))
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22-05-2017, 05:08 PM
#849
Last edited by Beagle; 22-05-2017 at 05:15 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
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22-05-2017, 08:06 PM
#850
Member
I am holding . Great buy at this price
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