Couldn't find a thread on this business. So I thought I'd start one.
Warrnambool Cheese & Butter
This company produces dairy products and has had a couple of takeover offers recently.
Currently siting on $3.32 a share.
Main competitors are Murray-Goulburn and NZ Giant Fonterra.
Did announce a JV to make Cracker-Barrel and other prominent labels in 2009?
WCB management rejected Murray-Goulburn offer today. Inadequate to summarize managements response.
DISC: I don't hold.
But told family members to invest last year at $1.90 per share. Based on honest opinion. Which they did!
Any thoughts on the direction of this stock?