Ann: SHV AGM Presentation and Crop and Market Update, page-4

I think SHV's push into the Chinese market is a good move, though a little late. If the Chinese love a company it becomes a fad which sees the SP boom then fall away as the money moves to the next hot thing. I welcome this marketing into China as an opportunity for shareholders.

Regarding the EBIT Sensitivity (slide 18) of the presentaton; for SHV's stars to align it needs to have Volume, Almond price and Exchange rate to all move in the right direction. But that is a trifecta and trifectas are pretty hard to pick. Still, the increased Volumes over the next two years can be somewhat predicted and should be worth the wait for the positive impact this has on EBIT.