Lightforce, love your sentiment, but check over your numbers.
If we assume constant earnings and share price goes down, P/E goes down too, not up.
PJSS has a point, agri-businesses typically have a relatively fixed cost base. If commodity prices go down, crop size stays same, and cost base stays similar... profits go down.
That said, we're coming from an oversold position, so i'd say change to profitability has more than been factored into the SP.
Nice momentum change, page-10
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$3.94 |
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