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SunOpta Inc. Message Board

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  • retireb4death retireb4death Jan 3, 2006 8:03 PM Flag

    now that's a PR worth reading

    Happy new year Wild - and I did indeed see your post(s). I'm not arguing any of those facts (and I appreciate your continued relay of IR info) - though my belief is that this acquisition was so insignificant economically that it's immaterial to consolidated margins no matter how rich this line might be. Was it a good fit/smart deal - maybe. My argument continues to be that STKL needs a moratorium on ALL acquisitions until they prove they can produce increased earnings. I don't (just!)want to see PRs about initiatives, I want to see cold hard $$$. JK's (again, IMO folks) acting like an adrenaline junkie going after deals to keep his rush. He comes out of the CC promising a focus and singular effort, but he's throwing deal-making dt's before the Q's out and needs his fix, no matter how minor.

    I sincerely hope I'm proven 180 degrees off-base come next earning release - and that JK struts into the CC with his thumbs hooked in his suspenders with a Cheshire Cat grin on his face and blows the doors off the street. I'm long and not lookin' to bash - but my gut tells me somethings not completely kosher (pun intended <G>).

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    • Retire:

      Now that I know we're working from the same facts I can see we're walking down the same road - to a point. I too wish SunOpta had not made this acquisition, at least not at that time, and I too believe it was relatively insignificant.

      However, this is where you and I part company. I completely reject the adrenaline junkie analogy. I'm sure this was a cool and calculated part of a large chess game you and I aren't seeing completely. This move will ultimately be beneficial for SunOpta.

      That said, I too was hoping for a moratorium on all acquisitions until earnings improve. JK did NOT promise such a moratorium but a lot of us were hoping for a nice, clean quarter. Of course all will be forgiven if Q4 earnings beat estimates, despite the "mess". I also won't be surprised if we all end up praising JK for this acquisition when things are finally explained in the Q4 conference call...

      • 1 Reply to wildstoic
      • I agree that I do not see the exact nature of the acquistion but it IS based in natural/organic foods. That's enough for me to be confident. My great-grandfather smoked a box of Cuban cigars until the age of 92 (1970); at the rate of 50 per week. How he maintained the stash, I'm not so sure. But the cupboards sure smelled good 30 years later. Brand loyalty is a strong indicator of economic strength. I'm putting everything on STKL.

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