I don't hold but considering buying. Surely the best time to buy these stocks that are sensitive to dought are when the sentiment is at its worst regarding rainfall? I think you just have to realise that the stock is risky because of this reason though. It will still come up with a pretty low p/e on what will be extremely depressed earnings next year, so this gives it a chance for being taken over, or if the weather does the right thing a sharp pick up in earnings, expecially considering cotton price outlook has potential too.
The stock requires patience and only should be bought as small % of portfolio given the difficulty of forecasting earnings.
Am also interested in others opinions..
NAM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
