Ann: SECOS Business Update, page-10

Look I am no self proclaimed guru, but been round these sort of stocks a good while... I first had these about 12 years ago and I was really excited about the future.

I then bought into them a couple of years ago thinking that surely now is the time. But it is always going to happen down the track with this company and there are plastics being made from organic products left right and centre. For example, I picked up coffees in the last couple of weeks and the lids are made either from paper or other plant materials and are plastic like!
It's everywhere and growing, it's just this company is a bit better than a bystander.
I am not saying that there is no value here and I have not looked just lately but I'm glad I sold mine. You would think there would be good value in the factories but one of them is in China from memory!
Someone was talking the value was twice sales and they are cheap...well even that valuation does indicate they're supposed to be making a pretty good margin and/ or are going to grow sales significantly.... they may not be either one, let alone both.