Looking for positves, page-669

If you look at all the positioning and forward looking statements by Adrian at the time and then reflect on where we are today do you see much difference?

Bargain price is an understatement but not a sexy investment due largely to the gap between "what was going to be" and "what actually is".

Some might argue that the problem was compounded by some industry issues but that can be arguably refuted as AHF was never exposed to the FGMP drop to any critical extent, AHF was not exporting commodity products (i.e. WMP and SMP) and AHF had no $1/litre milk supply obligations to uphold.

So the bargain basement price is of their own making, or lack thereof.