At 55c, Mkt Cap $91M, PE 14.6, Div 3.6% (and 100% frank), no debt. The Fonterra milk powder contamination issue in Sep caused a 20% price drop, even though CLV does not use Fonterra product. In the Nov AGM address they said that Sales could be down 20% - 30% for FY14. Late Jan saw a big spike in Vol; so some interest there, perhaps in anticipation of a Sales recovery? Worth considering now that an uptrend has emerged.
CLV Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held