This is another case of the stock price not trending with the company's results. I just bought another 15,000 shares on the way down. Now back above 250,000 and loving what I see from this company. I am anticipating a great 4th Q and a rock solid 2013. I still think it is pathetic that a company poised for growth is listed on the N.Y, exchange with a specialist involved in the trading, Leads to the nonsense you see with huge spreads and short term price manipiulation.
I think sometimes in a stock with this many shares shorted (7% of the float), the shorts try to make a report look weak and then try to cover some of their position. I see no reason for this to drop today and predict it will top $40 before long unless the market in general tanks.
What do you make of the limited posts? Have you been a long time holder? Do you mind sharing something along these lines? Personally, I have a modest position which has grown in the last five years. In 2007 I was convinced that the ag sector would have sustained leadership. The problem was that there was so few companies for a pure play that still had "value." This has not been an easy longterm hold but obviously a good one at this point...always felt encouragement from their vision and capability of execution. I hope that the momentum players have not been involved in the stock price rise. The lack of posts is a good sign. ?
Seemed like a very positive CC overall. Did anyone catch it when Eric's father, Glen Wintemute called in and asked if Herb Kraft was on the call? Then he just said OK, I'll see you at Thanksgiving. He is about 87 years old now, but that was pretty funny.
I think the limited posts is a good thing. There clearly aren't any pumpers. I have been in this to varying degrees since at least early 2006. Fanostan is the only one currently following that has been around that long I think. This is currently my largest position, mainly due to the recent price run. I have trimmed my holdings some over the last few months just because I have too much of it. As far as ag stocks go, if the companies are good ones, I don't see any reason they won't do well longer term. More people means more demand.
About a year and 1/2 ago, Eric Wintermute told everyone that things were improving with AVD. Having followed him for years, I believed he was being honest and bought more shares. Thank you Eric.
My only other ag play is Raven Industries, not a pure ag play, but a large part of their business. It's been a well run company and a good investment, but who know what either company will do in the future.