GOYCO said:The question is " how much does this affect the company? and what alternatives are in place to continue growth?" The management have been very soiid in the past, can they come up with something else for the future?
IMO I still think it is a good company, Should still grow at 15% p/a, not bad
GOYCO said:Business as usual IMO.will just have to find other ways to finance future plantings etc. Pretty safe for the next 3 years I'd reckon
For those of you interested SHV has had a low so far today of $8.19. You'd have to be quick though as the company has just announced a buy back of 2.5 million shares at market.
Is that another 2.5 million? Looks like a nice strategy with the stock price falling the way it is. Always liked SHV since it's ratios are excellent, it's cash flow rich, and it looks like there's transparent management. Just wish they gave us a clearer picture of the risks though.
Looks like the uncertainty over MIS laws, the drought, and the bumper California crop (which will dampen almond prices) are weighing on sentiment, plus the overall market sentiment is dragging on smaller 'unknown' issues - continuing the trend towards "safety" [even at the expense of moving into overpriced safety IMO. This one isn't at all risky though IMO (barring weather, climate etc.) due to the quality record, and long term outlook.
PS: Who do you think is dumping?