A number of options remain open, and highly likely if not a Chinese company, ELD could be eyeing them at these prices.
The PE is so low due to extensively missing FY 16 guidance and fear of ongoing operations.
Once debt is sorted, AG is a hot sector, the China trade deal makes it even more lucrative, being able to some degree improve margins by expanding their ability to source from elesewhere is a big plus.
Forward PE would be closer to 10 soon, and by 2019 closer to 12/13 times if cattle prices have reduced and profits return to 30+ mill...
