It's funny how downrampers opening threads: Fear 19.12. right on the bottom, Selling, It's getting ugly kids... without providing any substantial comment.
CZZ is low liquidity stock, tightly held, small volume can make big moves...
With $100k you can buy and sell all day long, and push price in what ever direction you want.
CZZ is still growth stock so PE should be higher then 15....
Some facts:
*Manuka listed in Chinese pharmacy chain this FY year
*New Zeland will harvest 60% less Manuka this year ( Manuka price up and our margins and profits as well)
*This FY launched Beeotic honey (new honey with natural probiotic , again higher margin product)
*Apple Cider Vinegar in every Aldi store started in November
*JV with biggest honey producers, securing supply and low buying price, higher selling margins
As you can see plenty of growth in this year. Medical honey products are growth for years to come.
I would like to see comment, why company is not any more in growth phase and please explain your arguments.
Great times ahead!
CZZ Price at posting:
$15.92 Sentiment: Buy Disclosure: Held