A year ago this stock was a market darling and management could do no wrong. Since listing in 2012, shares are up 644% and dividends have risen every year. The same reasons that CZZ was so loved before are still true today. Management have made the correct strategic decision to invest in working capital whilst honey production is strong.
So in the space of a year, CZZ has gone from a good quality company with strong management to the opposite?
CZZ Price at posting:
$15.77 Sentiment: Buy Disclosure: Held