Forum Archive Index - January 2000

["Mike Hudson" <mikehudson@clear.net.nz>]

I don't know much about FERNZ/Nufarm, it's a company I have never followed,
I prefer to lose my money on air lines and building materials rather than
fertiliser and chemicals but I did receeive a letter from a broker today
which said to take advantage of the slight upturn in price and sell. Several
reasons

- Its US manufacturing operations destroyed by hurricane Floyd
- NZ residents won't be able to claim imputation credits
- NZ index funds have sold out
- Move will save $2m but revenue will grow by only 2% over the next year.
- Company five year growth projections do not allow for any cyclical
downturns in that period.

Make of it what you will

Disclosure: No interest whatsoever

Cheers
Mike H




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