Good post, also it is important to consider that AWB has a solid...

Good post, also it is important to consider that AWB has a solid share of the Black Sea trade, this is the trade that is hammering current prices due to a good harvest and cheap production costs relative to Australia. This is not good for the Aussie farmer but could play out well for the AWB Shareholder.

Also remember AWB accured a number of losses into last financial year including Brazil and the losses in Fertiliser. Niether of these factors should be replicated in this FY. Add to this the Iraq scandle almost being behind them, solid input and real estate sales and securing a fair bit of the wheat harvest and you've got a solid FY10.

I personally think AWB are a strong buy at these levels for the mid term 6-12mth hold. I currently hold on fairly sizable paper losses; however i'm not intending to realise these at this point in time.

4TK