Im a big fan of making food healthier. But im not a scientist,...

Im a big fan of making food healthier.

But im not a scientist, and all ive read so far is things like

"In New Zealand it is illegal to make health claims about a food product without providing scientific evidence...and its licensed A2 producers had agreed to amend the health claims in their promotional material following a warning from the commission"

"However, Australian laws forbid companies from making misleading health claims about food, and in September 2004, A2 Dairy Marketers in Australia was fined $15,000 after it pleaded guilty to six breaches of those laws....The company, which had been in a tenuous financial situation since beginning trading in May, went into administration in October and was liquidated in November, owing farmers and processors tens of thousands of dollars"

In 2006, it lost about $1 million, after having lost $9 million the year before, but revenues had approximately doubled

In February 2011 A2 Corporation announced it had a made a profit over a half-year for the first time.

In 2013-14, a2 reported a 17 per cent jump in revenue to $NZ110.6 million ($100.3 million) but an 82 per cent dive in earnings before interest and tax to $NZ1.7 million

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And then they listed....
hmm Where have we seen similar action before..
Huge short term unsustainable growth, followed buy a sell out (aka IPO) and the director of the last 10 years retires.
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So in summary
The company that was repeated punished for using false scientific claims, was sold in 2004 for 1.1 million dollars then operated at a considerable loss, every year, for then next 7 years But since then Sold to the public and is now is worth over a billion dollars.


And how much profit did this billion dollar company make...a bit over 30mill... So where did the other 900+ mill go?

Wait a second..didnt they then do a capital raising of almost 40mill? Dont forget to subtract that from next years "earnings"

P/B ratio of over 20? ...Im changing my sentiment to "sell"