my mind goes back to the cfo who resigned and why? - i actually tried to get onto that analyst at bell who slapped a buy on these a while ago at $1.80 odd i believe -tried a few times -never returned call?
I had a few pertinent questions to ask -somehow I dont think he could have answered!!
I am not saying there has been major corruption or anything illegal -but you have to have knowledge of cattle, feedlots etc to really know what is going on in their books -it will work out in the long run I am sure -but there has been plenty fudges!!
Landi4me -you had a good look -especially 18mths and two years ago? like everything -or are u just buying for the asset play (which it obviously is!!)
Buffett/Munger: Cattle Ranching is "Worst" business, page-11
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