IN In more normal times, SHV would be interested in these almond...

IN
In more normal times, SHV would be interested in these almond orchids.

We are not in normal times.

Along with all in almonds, SHV is scrabbling for cash to pay down debt - chasing sales, deferring capex, trimming opex and anxiously watching the weather forecasts.

In the thread above we can see the world of pain in Californian almonds, with plantations there being sold for land value and ripped up.

Yet in this zone of danger sits genuine opportunity: these established orchids will trade at a substantial discount.

If there is an individual orchid asset in this aggregation SHV likes, they should buy it. I dont advocate picking up the processing and storage business to close it down, just that one or two orchids that make sense. SHV knows which they are.

Bid low for the good stuff, be prepared to pass up anything there is competition for. More almond orchids will be offered in the next year or two.

Patient persistence will be rewarded.

Ash