Bought some more today and nearly doubled my position in AHF.
The amount of selling near/under the option price is very strange to me given its underwritten. Maybe bad news is coming, but from my perspective - even if the CDC was to fall through (not that I think that has occured) the company is now in a much better position than it was 12 months ago.
It has more farms, more cash, more experience and less debt (excluding CDC). And, its trading at less than what the market valued then, just 12 months ago. March last year the companies farms were operating well but not profitable, since then they have improved and acquired further.
Certainly not a short term trade but long term in management keep doing what they have done to date, ill be happy.
AHF Price at posting:
21.5¢ Sentiment: None Disclosure: Held
