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The drop in profit was to be expected. In fact I was of the
opinion It could be worse than what it was. It remains to be seen if
the share price gets hammered like some of the others. The poor old
farmer is so easy to predict he spends nothing when times are bad, and has
a spend up in the good times. The farmer cant control what happens to his
produce, he loses control at the gate. The system has it that some great
fat cat gets the cream while the poor old cocky does a starve. WRI are a
good company and will be back but not for some considerable time.
The other farm related companies must go the same, way drop off in farm
prices, meat companies next I expect, the farmer battens the hatches in
the bad times. WRI will take a dive but be ready when the dollar drops to
buy
back.
CHEERS
MACDUNK |
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