Well this stock may be worth a look ... for the brave who are willing to wait for results.
In February 2005 this stock was trading at $14 In February 2006 this stock was trading at $11
I bought some this week at $7.40 ... and it has slipped a few cents since then.
The reason the share price has dropped so much is because of the drought. The company still seems to be doing ok financially ... and the P/B ratio is close to unity. It could be noted that the Book value will fall this year as this company will lose money because of the Drought.
But the drought won't last forever, and eventually people will start noticing the value of this company again.
Interesting this company has only rated 4 posts on this website ... while a company such as RRS rates 600+ pages ...
It may go down a little more, but surely it is now close to the bottom of its range
GNC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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