"so if you had a your money in the bank you would make 6% or would you prefer to have you money in this share and make 15%?"
Having a bit of conversation with myself here....
If you put your money in the bank you would be guaranteed to get 6% and there would be virtually no risk of losing any of it.
However if you put your money into this share you could get a return of 15% but there is some risk that you might not get that and also you lose some of your principle.
Interesting situation...
Well management in this company has shown that they can grow earnings also the company has a pretty good business modal however it may need some rejigging So I think the return is probably pretty likely
Also don't forget There is a fairly good chance that the government and olive growers, almond growers etc will start consulting and get a better deal from the tax office. Let's face it a tree is a tree An almond tree and olive tree and a pine tree isn't substantially different from a pine tree is it? So there a good chance that shareholders will get a lot more than a 15% return Just roughly ff the price fell 30% on the tax deal and the government comes to the table and consults with growers and comes to a compromise that would be worth another 15% wouln't it. All up I estimate a 30% return in six months. Not too shabby.
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held