Hi,I have found this from an American website trumpeting the...

Hi,

I have found this from an American website trumpeting the benefits of investing in TIM. Does this commentator make a good point/or is he way off?

I actually think he has misunderstood how TIM makes (made) money.

"This company is an agricultural conglomerate in the agribusiness sector, identifying agricultural commodities which are in demand globally, particularly from Asian markets. The Company owns producing agriculture land to generate the commodity products to sell. Think of this company like a real estate investment trust that buys farms instead of office buildings.

Forestry has been the company's core focus. Their hardwood plantations produce woodchips destined for the pulp and paper mills of Japan. Over the past three years, the company has progressively expanded its product range. Wine grapes, organic olives, almond groves, and beef cattle have all been identified as commodities the company feels will in be demand over the long term, and has bought groves, vineyards, and ranch lands to grow these commodities.

The company has more than US$1.7 billion under management, and is part of the S&P/ASX 200 index, the index holding the largest 200 companies in Australia.

US$514 million in market cap, Price to earning ratio near 8. 52 week high/low was A$3.04 in June, 2007, and A$1.74 in December, 2007. Stock trades near its lows. Given its recent drop in price, as well as its approximate 6.5% yield, in strong Australian dollars, we think this company makes an excellent core holding now."


Comments please????


Joel