Fall in olive oil production, page-3

Thanks for your kind words Patawalonga, I try to make an effort to back my arguments with links credible sources.

Given that almost every HC poster is anonymous you would think it would be standard practice for posters to try and back up any arguments about a company with referenced sources, but oddly enough I find that this seems to be the exception rather than the rule.

I agree, at the current share price I think one of the biggest risks for AAP is that it becomes subject to an opportunist takeover. Having said that, it must be said that this company seems to be a master of disguise, nestled amongst at least ten other companies with names starting with 'Australia' or 'Australian', including one company whose name is two-thirds the same. I suspect AAP often gets overlooked.

I am sympathetic towards your viewpoint regarding the cherries, I don't think cherries and other similar crops would be excessively risky . I often get the impression that Australians seem to view listed agri companies in light of the experience of individual farmers, but this view is mistaken. An individual farmer can get wiped out by a bit of bad weather, but a listed agri company enjoys much more flexibility, as they can always fall back on the support of their shareholders. As such a company can probably get away with taking on a bit more risk than the typical farmer.

Just out of curiosity Patawalonga, when the CEO told you he thought that cherries were too risky, did he give you any indications as to what type of projects he thought would be more acceptable?.