Port shipment data is not sales and neither is it manufacturing data. It merely represents the volume shipped out of the warehouse.
There was a huge spike in April & May plus July 18 was higher than 17. So i wouldn't be too concerned. There are no indicators that there is slowdown in demand.
The reason for current SP fall is fear and uncertainty about future growth rate (especially after management selling), therefore the stock is being revalued based on lower growth potential.
The real frustration for me is that nothing seems to have emerged from the Fonterra agreement as there are no new products or markets being entered, and growth rate in US is not really impressive. US market really holds the key to an increase in growth rate and re-valuation of the stock.
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Port shipment data is not sales and neither is it manufacturing...
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