Forum Archive Index - April 2001

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

Veronica

 

IMO this company has been a mismanaged shambles for years. I detailed some oh the history in a post some months ago, you should be able to find it using the search facility. It is almost as if they have deliberately gone out to drive away their customer base, in the South Island PGG and the rural co-ops have been eating their lunch for for a long time amd I doubt whether they can claw back the lost business - the farming community has a long memory

 

If there was ever a time to make money in the rural servicing sector it is now and WRI did show an improvement in NZ in their latest results, they had to. But they were dragged down by losses in their Australian operations which they are now trying to sell.

 

I think there are better buys in the sector, PGG for one although it is unlisted.

 

Cheers

Mike H

 

Disc: Hold nothing in the rural servicing sector but looking at PGG