Ann: CEO Retirement , page-4

Agree with last post Joe.

I didn't post yesterday cause this company is my worst performer and I'm not thrilled about it. They have had problems to deal with but management has let shareholders down for a while and have not told the truth. They instead divert funds to a PR company.

For whatever reason the CEO has gone; he has done a bad job. He shouldn't be managing the company cause he's done a bad job and management has not told the truth

Yesterday was as close to a 'come clean' as they will ever have.

No mention of Earnings per share...the key shareholder metric basically...in the presentation. I wonder why. Is it because they are on track for less than 25 cents EPS...down from 70 something cents a few years ago

10.7cents EPS for the half is an outrage for long term holders...reflecting the enormous capital that's gone into the ground in last few years.

The great investors say you need to pick between 6 or 7 out of 10 stocks to consistently make outstanding returns....this stock is one of my 3 or 4...(I like to think I do less)

The only saviour for holders and new investors is the business model will now be painfully simple to understand, predictable, solid, as will be the profitability drivers.

Almond prices are low...Aussie dollar at record highs....that is very bad when you own the entire vertical integration

There is still a sold and viable business here probably worth well in excess of the current share price.....but due to management incompetence, it is no longer worth above 5$ even with a slight cyclical uptick..

It may well be worth significantly more than its current price, but why should the market care since they have created such a 'bad news story'....the market hates the stock and even Select themselves are reinvesting dividends at current market prices, such is their thirst for capital at any price

Management has been quite disgraceful but right now, if they run the ship conservatively and don't blow up the debt any more, there is still a solid, good performer here, I think but no longer any sign of a great company