Hi All, 1) the carryover is massive, and crops such as sorghum, are doing very well in Qld and southern NSW, not seen for a long time 2) El Nino, OK so it may or may not happen,, if it does then the effects wont be felt for at least two years. 3) The banking sector is dragging the market down 4) People still need to eat (and most eat grain based produce as their staple) - even if they eat today, they will still need to eat tomorrow and next week. Australia is the breadbasket of the region. 5) Graincorp is highly diversified and has many income streams 6) Graincorp's supply chain has become a lot more robust and intricate over the last 5 years 7) Graincorp have a very astute, smart and capable BOD, that understand the business. They ARE NOT ivory tower penpushers.
So there's a bullet point summary. Good luck to all that buy into at these levels....look a the Bollinger's
GNC Price at posting:
$6.80 Sentiment: Buy Disclosure: Held
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