The intrinsic value of WILC continues to build. Sales are growing by leaps and bounds. The shekel has appreciated against the dollar substantially, which means once earnings grow, we're leveraged 20% in dollar terms. New business is coming on stream.
The major problem, of course, remains margin. However, that, too will turn. Once it does, earnings growth could be explosive. One basis point means a lot more on the bottom line than it used to (up or down).
I'm not being a wild eyed optimist - and being in WILC requires the patience of a saint (as it were). Having said that, I'm very confident in the future, and while it's all taking longer than any of us had hoped, it will be there.
Look guys, the margin drop is largely not the fault of WILC management - even if they had seen it coming, there was little they could have done about it. They have continued to focus on operating efficiency, and on sales growth. The right things to do - versus some knee jerk reaction raising prices - and screwing the future of the company. They have taken the right long term approach in my view.
A moot point, but just imagine where the stock price would be had we not faced this unprecedented rise in raw material costs - dream on, but at least 20.
Z48 - I don't watch the day to day movement quite as much as you do - but I do think we've turned the corner. Hang in there.
OPFC-welcome back -good post- thanks for the encouragement- don't have alot of choices but I'm optimistic.Looking at how other stocks have been battered in this market-Wilc has held its own.I also think that it's building a solid base and that it's up from here .