Australian wheat crop to be well down this year which means AWB's capacity to pilfer grower profits to cover their ar/ses (2006 hedge losses, Cole Inquiry and ongoing legal costs, past pool liabilities to growers etc) greatly reduced. Robust cash market again means AWB will be hard placed to gain much of the wheat crop despite it's government's helping legislative hand. Wheat container trade roaring on all ten cylinders.
Buy at your own risk! This company is headed for insolvency (IMHO) ...
AWB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
