NAM 2.05% 71.5¢ namoi cotton limited

I have been holding NAM for 18 months now. I bought it because...

  1. 176 Posts.
    I have been holding NAM for 18 months now. I bought it because it seemed very undervalued and I had read a couple of good broker reports. Due to the drought NAM's profit for the 2008 year will suffer it appears. It could now be a long (2 - 3 years) wait for a profit on these shares. I think the only real hope is a take-over offer for NAM. I am holding for now but the money could probably do much better elsewhere. NAM is only about 5% of my portfolio.
    I would appreciate comments from other holders.
 
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