Originally Posted by
iceman
They've already announced they're selling several of the orchards they got in the T&G purchase and will use the proceeds to reduce debt. I think management is well aware of the need to reduce debt. I can not see them being able to maintain DPS next year on the substantially higher number of shares.
But I thik they are doing the right thing focusing on strengthening the balance sheet after a few years of expansion.
My biggest concern at the moment is Australia. Until I see them turning it into a profitable operation, I'm likely to stay out.