Forum Archive Index - August 2000

["nick" <acummin@es.co.nz>]

       The sunday star times reports that many analysts are still unsure about wrightsons.

 Sitting in their offices or huddled over their cellphones outside a winebar what do

these characters really know about what is happening in New Zealand?

                My partners family consist of generations of farmers spread throughout the

south island, they are far more tuned in to events than some spotty faced analyst

just out of school.

     For years all these relatives have done is complain (like all farmers) Recently

however they have become noticably more cheerful, on a recent visit to

one of their farms near ashburton i noticed plenty of new machinery etc.

     The analysts will slowly latch on that their is real change down on the farm,

however by then share prices will of risen that much higher, the farmers

on the other hand already know that the good times are back and have been

spending up big with the agricultural suppliers. 

       Number crunching is all very well but often a positive feelgood factor

is more important, The agricultural stocks are a prime example of this

 

 nick