Ultimate advantage?? Eg Having $25 mil in cash after two years??? I dont see anything wrong with it rather than giving it away. At the same time having super strong balance sheet. Then opportunities arise eg industry consolidation, acquisitions, mergers etc. Population is growing, export opportunities exist with their frozen products if oversupply comes (2 year shelf life) so everyone will get their share.
I like that management, they do not go for a hot air talk and flashy slides, they deliver hard core cash to the business and have good vision whats coming eg they were first to do free range greenfield. Step by step but if they deliver 100 mil rev, 9 mil npat, 14 mil ocf then its easily 2.5 valuation. And the above is not asking for much. InputCost should be quite low - feed is super cheap eg wheat etc.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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