its mainly because even though they diversified their range revenue wise, most of their ebitda still comes from dried vine fruits. This dried fruits isnt a huge growth story in China yet. Its not a processed food, its a bulk food commodity like Select harvests(SHV) which has been extremely volatile.
its ebitda levels were also quite small - 10-15m ebitda or so. very small cap.
its more like Select harvests(almonds) and Costa(berries) than Bellamys(a value add Infant formula)
it could also be like Capilano Honey(CZZ) which a lot of it is commodity stuff. CZZ has been average in 2016.
