I own shares in TGR - I do not own CSS. When CSS was brought to my attention, I had a look at it, but have decided to steer clear. Why?
1. The sp appears to be in a long term downtrend. If you look at the chart on the RHS of the screen, and change to "Y" - the trend is quite apparent.
2. The company appears to have to be borrowing money every qtr just to maintain it's cash position. This tells me that either it's production costs are too high or it's selling price is too low. Either way, for a commodity business (which most agriculture is), if this continues administration or a buyout is the normal outcome (think ARI), or a capital raising.
3. To produce product and then not have a market to sell it and so have to freeze it seems like a failure of MGT101. They are just incurring more costs and the frozen product, over time, will be worth less. This is, IMO, a gross failure of management.
OK. I have said my piece. I am happy to discuss more, if posters wish me to, but if not, I will gracefully leave.
HT1
I own shares in TGR - I do not own CSS. When CSS was brought to...
Add to My Watchlist
What is My Watchlist?