Sell the farm, page-50

the problem with broker recommendations in the light of company downgrades is that they don’t fully understand how market sentiment affects SP in short to medium term

might we’ll be valued at around $7 BUT there is significant doubt about financial impacts of the ongoing drought, European business margins and Chinese environmental repercussions

hence very likely in my view that we will see more SP downside in coming months, particularly if world economic issues worsen and stock markets slide, as they will after such a big run in the last 3 months.

I likely see sub $4 and will want to see stock market sentiment bottom and then rise before accumulating. Suspension of dividend is also a major negative