If your thinking investing in dairy processors I would be...

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aparbery

53 Posts.

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17/05/16

21:16

Post #: 17795049
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Originally posted by newfish ↑

I'm probably on the lower end of the investor success spectrum, so maybe this is a good omen for MGC.

And perhaps I'm easily swayed by the media......

But I have been looking at investing in companies at the bottom of their cycle and MGC ain't looking like one of them. As far as I can see it, there is no good news coming their way, they are more likely to fail rather than succeed, corporate greed has cost mum and dad investors (again) and in this case also farmers (Dairy farmers are a hard working mob, even as far as farmers go).

The company has few friends due to it alienating both investors and farmers, and they will probably alienate consumers in the future with another ill fated move.

It all gives me the s..ts, and I wish the company would turnaround sooner rather than later for the sake of stabilising the ozzy dairy industry.

But its not looking good, and i reckon the share price 90 cent range is going to look like a fantasy exit in the coming months

But at least the Helou guy gets paid right?

He will be looking for his next target as I type, be wary Australia has turned into car-less freeway for these types of aholes.

Best of luck

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If your thinking investing in dairy processors I would be watching the global dairy index. When it starts to rise strongly that's when they will start making money. On the flip side you would be a lot better buying tomorrow than a month ago not that I will be, still to much milk in the system.

MGC Price at posting: 86.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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