I have to disagree now. I also had a nationalistic view at the start but the reality is that the last set of results were poor IMHO. Dividend has been slashed to just 5 cents per share. The CEO and the board IMHO should be looking at bringing back ADM or anyone else who maybe interested in Graincorp. The shareholders have been duded by the governments decision to block the takeover. The sooner ADM or someone comes in with another offer the better.
GNC Price at posting:
$8.23 Sentiment: None Disclosure: Held
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