stayer, yes we have our little bal case here, awesome run. I...

stayer, yes we have our little bal case here, awesome run. I expected it to hit 1$ as I posted back in August, FRM intrinsic value based on June 15 FY is $0.920. In contrary to BAL, farm pride has a solid balance sheet, awesome operating cash flow and as you said load of land etc. BAL is hype which can or cannot work out, FRM has strong fundamentals which can be built upon.

on the other note, BAL high expectation can be dangerous, A2M and Nestle are gearing for baby formula production. In Eastern Europe they are building $120 milion factory which will focus only on baby powder formulas and export to the world. Bellamys might face rough competition.

I am at the moment calculating FRM intrinsic value based on $7 mil full year net profit and let me tell you it is well above $1.75. So far market has been nicely catching up with intrinsic values I posted in April and August. The run is not over for us stayer.