Originally Posted by
PSE
Thanks noodles, it's a little tricky but a large part of the increase in the volumes of the special varieties has already happened and continues to happen in the 2015 and 2016 years slowing down a bit 2017 18 as the whole lot becomes mature.Braeburn and Royal Gala have been around a long time lending me to think the varieties don't change that quickly, yup apples less sweet good idea should continue to work.
Definitely falling dollar is great and I agree the analyst's reports on this one look pretty lacksidaisical. We are not talking about BHP right.
The report also mentions that 2013 and 2014 were good years for Braeburn and Royal Gala prices.
So I agree with your story, it looks like a growth spurt in 2015 2016 then the company goes back to being a stable stalwart. Have I got that right or are they investing in more orchards.
They may have other plans for growth but nothing concrete I can see.
Pretty cool to buy a 'biological asset'.
All the best with this one guys I wish you well, I may have considered it when it was cheaper but I was looking the other way at the time. From $1.7 to $2.1 is not enough of a margin of safety for me, doesn't seem too unrealistic though.