CGC 0.00% $3.19 costa group holdings limited

I would be a bit cautious in expecting any short term turnaround...

  1. 514 Posts.
    lightbulb Created with Sketch. 9
    I would be a bit cautious in expecting any short term turnaround in CGC's share price. There are still a lot of young avocado trees to come into production and the downturn in the avocado price is likely only in the early stages. I warned about this last year when the share price was over $8 and was accused of standing outside the tent pissing in. Eventually it will turn around but the process is rather slow in a crop that takes five or six years to get to profitable production. You also need to realise there are a lot of family farmers who have had quite a few good years and don't have the lease costs or debts CGC have who will still be producing at these low prices.
 
watchlist Created with Sketch. Add CGC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.