Forum Archive Index - April 2004

["Karyn W" <karyn_in_oz@hotmail.com>]

Hi guys
Considering the following:
- the NZ$ and AU$ now falling against the US$, with further falls expected 
later in the year when the US interest rates go up
- currently the highest commodity prices seen in 17 years
- Australian farmers on a spending spree post-drought
- industry rationalisation of their loss-making units

... it might be argued that farming companies are poised to outperform the 
market.  So its not suprising to see a takeover offer for WRI.  The question 
is whether we are all being tempted to sell out too early, without getting 
the benefit of this cyclical industry moving back into the spotlight.

I notice that PGG has also appreciated from $1.15 to $1.42 in the last month 
or so, and its not because of a takeover offer.

Karyn

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