The latest quarterly annoucnemnt contains some useful info on this stock. While market conditions for Australian olive oil remain terrible, this is the third year this stock will turn a profit, even if a small one. I see this as further evidence that when conditions improve (correction of $A dollar, reduction of spanish imports), this stock has upside. The final page of the report announces that the stock will be in profit, albiet reduced. THis makes three years running for the past five - if they can run a profitable company while at the same time continuting to invest in expanding their processing line, this is a good sign. May be a short term opportunity between now and release of preliminary final report at end of August.
RLA Price at posting:
1.0¢ Sentiment: LT Buy Disclosure: Held
