I was tempted to buy in this stock around the $1.70 levels but didn't have the cash available. Obviously now I'm happy I didn't (at $1.49 today), but I'm still keen on the idea of investing in agriculture. A lot of stocks have been hammered in the last week (for no good reason, for those I follow).. is there any particular reason this stock has dropped so much, or is it just moving with the broader market.
Should there be an boom in agriculture, is it correct to assume FCL will be in a position to strongly benefit from this? What other companies might be in better standing to take advantage of a boom in agriculture? Are drought concerns / climate change at the root of faltering share price?
Any opinions appreciated, cheers
FCL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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