yes, there are the long term value attractions, NTA, people...

yes, there are the long term value attractions, NTA, people always need food, almond protein vs carbon intensive meat protein
versus the shorter term lack of profits, US almond oversupply, 2023 recession.
At some price a takeover?

interesting summary from livewiremarkets is..
WAM Capital still sees opportunities in several corners of the market.14TH DEC, 22

Question: Throughout the year you have spoken about stocks trading at tough valuations. What are a few exciting examples?

Oscar Oberg: There are plenty of stocks out there at the moment that we are interested in that are trading at a share price below their property value and you are getting an operating business for free. A good example of a company we own in the agricultural sector is Select Harvest.

Tobias, what do you reckon, almonds, the worst commodity over the COVID period? It is probably the only soft commodity that has not gone up over this period and it is largely because the United States or California had a record crop two years ago and are just working through that carry over of almonds at the moment and what you are seeing at the moment in California is a chronic drought. It will take time for that to come through, but we are looking through this weakness and looking at what the actual assets of the company are worth. Now the share price is currently trading at about $5.50 a share and we think the market value of the assets are $6.50 to $7.00 a share, so we are buying this company at a 20% discount to the asset value and we are getting the operating business for free. For us, we are happy to wait there, wait for almond price to recover and we will see the rewards come through in the share price.