Fact is that there are no facts. No director buying or selling....

Fact is that there are no facts.

No director buying or selling. No market updates. Not much to go on. Easy picking for those that would tell you the company value is lower according to SP. Short selling loves this stuff.

On the other hand no asset sales that I know of. No massive drop in the value of the beef in production. No current need for large infrastructure spend as that has already been done. Recent management changes that have yet to show their real worth.

On a macro level US tension with the world could offer more market for Australia both in China and Europe. People will always have to eat and there is a large enough middle class now that will demand premium products more than just occasionally. Issues with world trade should put downward pressure on the AUD which will make Aussie beef more competitive.

Hell I can't see into my crystal ball but if these guys manage to kick a couple of goals the upside is going to be entertaining. I am in for the ride even if the current part of the ride is stomach churning.