Ooohhh, just had a look at GNC's price chart and it looks worse...

Ooohhh, just had a look at GNC's price chart and it looks worse than AWB, so that could be setting the negative sentiment for wheat at the moment. As far as I can see AWB had a nice recovery run up until last week then it turned sour, which was about the same time as GNC.

Pity IPL is not setting the positive sentiment for AWB...perhaps the more people flee from GNC they will come over to AWB.

Charlie Aitken did a good summary on AWB. Below is some of the highlights:

Working on strengthenign their balance sheet through the sale of their Geneva unit.

EBIT x6.2

Solid fundamentals, good base for Long term

AWB does not have as many shares on issue after the cap raising as ELD. (after cap raising ELD has gone from 8 mil to about 4 billion)

FY10 P/E is 9.7x

diidend Yield 4.3%

interest cover 5.3x

Was suggested that a merger between GNC and AWB would be big benefit to the Agrisector in Aust.

As always this is my research, pls DYOR. :)