If a banana is planted it will be shipped, if of sufficient quality. This month too many banana trees are carrying good fruit. All production can not be shipped or banana prices collapse. Who will reduce shipments?
remember this bunghole: 1/3 of the next quarter is already over, so at least 1/3 of 60 cents estimate for the next quarter is received. Tack this onto the $2.01 we just added and you are near $17 a share book value. When Euro goes back to $1.50 (as Europeans are buckling down better on debt than we are) we will see a $30 dollar a share price as it was a few years ago.
Your analysis makes sense & I agree with the Euro strengthing. Also agree with your projection on price of CQB if that happens. IMHO, believe we will see over $20 this yr. even without Euro strengthing.