BrzTrader,
Agribusiness may have a future, but it is a long bow to assume ELD model is the future in Agribusiness. Suggest you look at their last half year accounts in particular their cash flow statement & given today's announcement it would appear things have not improved. Looking to lose 10% of your workforce & not use redundancy payments just tells you the deadwood will continue to be employed. Yes I love bargains caused by tax selling at the end of the financial year but this is one company I will pass on, until I see the cashburn stop.
Regards
Buffett
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$8.54 |
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1 | 120 | 8.340 |
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Price($) | Vol. | No. |
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