For the guys that will stick with Gunns,I hope you get something...

For the guys that will stick with Gunns,I hope you get something out of it,with that I found this posting of hope

good luck


re: ponzi scheme (EuroTravelLover)
Forum: ASX - By Stock (Back)
Code: GNS - GUNNS LIMITED ( 88.5c | Price Chart | Announcements | Google GNS)
Post: 4064814
Reply to: #4025071 from blaize Views: 106
Posted: 17/05/09 01:19 Stock Price (at time of posting): 96.07c* Sentiment: None Disclosure: No Stock Held From: 59.101.xxx.xxx

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A major difference between Gunns and the likes of TIM, GTP etc is that Gunns is and always has been a forestry and timber processing company long before MIS's (and in particular forestry MIS's) became flavour of the month. Gunns uses the MIS to fund plantations for future feeding into its mills, whereas TIM and GTP are financial services companies selling financial products. In the case of TIM (and maybe GTP) they have a number of different agricultural products and as far as I am aware neither TIM nor GTP are involved in downstream processing.

As to whether that makes Gunns a better investment at the present time, I can't say as I haven't researched their financial position.

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Disclaimer - Investment decisions should not be based on comments in an internet forum (especially mine) and I take no responsibility for anyone who is stupid enough to make decisions based on my musings and ravings in this forum.