Must be some bad news on the horizon. Somebody
knows something. Although the volume wasn't very
impressive. I can't believe these prices!
If no news
comes out tomorrow or next day I'm buying more.
I've reviewed CQB's statements and they do not
have unhedged loans in euros. I believe the comment
someone else was making that a lot of the banks in CQB's
credit facility are headquartered in the EU and that
this should be an aid in negotiating the quota and
CQB does not have any unrealized
financial gains from currency hedging. And these banks lend
to everyone in the business and will not provide any
benefit in future negotiations.
do you know the percentage of loans in EU
currencies. Somebody on this board announced that EU banks
own a lot of these loans.
What will be incidence
on the results. If you have a debt 500.000.000 euro
at the beginning of the year equivalent at
500.000.000 usd. Today you have to repay only 440.000.000
usd. The difference of 60.000.000 usd can you consider
them as a financial income?
Right you are stoney. Im not saying suspending
sales was a wise move. On the contrary it was another
TYPICAL move from Cincy. By suspending sales at 7 they
lost money while holding inventory and now are losing
by selling at $6:25. And in private label the only
decent profit worth writing home about doesnt come from
corn or beans or the usual. It comes through the
smaller high profit items that few are producing. I am
holding a few shares yet but only because they are barely
worth the brokerage fees to sell. I certainly wont be
buying any because I dont think it has hit bottom and
come December I will probably need this loss to offset
something else. As the cost of printing rises this dog will
need a reverse split or people will be buying because
its cheaper than Charmin.
Instead of talking about grammar - estoy seguro
de que no pod�s escribir nada en espa�ol! this is
not a writting class ! let's talk about your logic -
sorry, lack of logic !
You have to understand
1. Chiquita buys a significant part of the bananas
that they sell from other producers
you buy at $4 or $5, and sell in Europe at $8+, and
you make a small profit
3. According to your lack
of logic is better to forgo this sales
again, sorry for my grammar, but I guess you wouldn't
understand if I write in spanish or french (voth off whhich
I handdle bettter tham ennglishh)
harvesting at a loss", check CQB's net income for the past
10 years ... they are experts ...
Is your source for CQB slowing production more
than DOL the same as Clinton signing trade directives?
CQB hasn't earned money in years. I think a price of
$3/share is a very generous multiple (over 30 times 2000
Even if they suspend sales the bleeding doesn't
stop because they will be building up inventory
financed at high interest rates. Private label canning is
a loser due to thin margins and inventory carrying
costs. Plus inventory build up generally leads to price
discounting in a future time period.
I believe we will end the year at -.30....prices
are still to low......and next year at .60 cents and
with the going industry PE might see our $12 -$15
again. If EU is settled we will break over $20 on
speculation going forward. DOL needs to stop planting......I
believe they will. CQB has slowed down more than DOL in
With a PE of 4 going forward and a
crazy Nasdaq....priced 40% to high....this stock,
DOL,and FDP are nicely priced.