Forum Archive Index - March 2001

[Marilyn Munroe <who.c@res.co.nz>]

The humble pie should be filled with ground beef. Affco's 65 C L Steer
(Non Halal) grade beef would be a suitable source.

My bullish recommendation to buy Affco in my post of Thu, 02 Nov 2000 09:26:04 +1300, has obviously been herded up the race and stunned in the sticking pen by the recent odd events at the company.

In my defence I included the following warning in that post;

Perversely in making this buy recommendation I will be reluctant to commit my own cash to this industry. I have lost a lot of money over the years waiting for the meat industry to create shareholder wealth (Waitaki Fortex), so I am a bit gun shy. For example Alliance is paying its 1st dividend for 10 years shortly. What I am saying is things are looking up,
but over the years the meat industry has been an investors graveyard.

Surely the series of stumbles and prat falls which have occurred in this listed company and the resultant affect on the share price, all without a satisfactory explanation from the directors, is sufficient to prompt a query from the stock exchange?

Boop-doop-de-do Marilyn ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors http://www.netbroker.co.nz/ Trade on Credit, Low Brokerage. Join now. ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/forum.shtml.