Hi Timber we were surprised at the HOLD status given the sales...

Hi Timber we were surprised at the HOLD status given the sales pipeline for 2013, complete write off of soy plant and the improvement in margins but the biggest observation has been the consistent accumulation over the last 3 weeks. If you also observse M&A activity there has been a lot of consolidation in this space where most competitors have gone for over 10 times earnings which would put CLV in the 80 cent plus bracket. If this is true I would not be surprised if further accumulation happens this week