Also, for bio-based applications such as bioplastics and biopolymers, wood cellulose is much more efficientthan hemp in terms of both total throughput yield and diversity of process applications in areas of biochemical fermentation platforms as well as value-added products processed through chromatographic separation and ion-exchange technologies. Such feedstocks that have been targeted by DOE research labs have focused on birch, willow, sugar maple and popple which are much higher in sugar content, do not have abrasive qualities (such as high silica content) like sugarcane bagasse and do not have high ash content which clogs boilers.
I've been through three CEO's now in my investing years with SunOpta. Kendall, Bromley and now Jacobs. So far, the first two have brought innovative, cost-effective and time-saving techniques to the company. Maple Leaf Foods was a big platform for STKL management and the move to divest the Distribution Group and focus on food materials while retaining a holding position in BioProcess and Opta Minerals has been a fairly big success. Opta Minerals may see a downturn in some areas with commodity prices falling but they have the experience over the years to find business even in the most challenging environments. I may need to take another trip up to Norval in the next year or so and see how things are progressing on the home front. In the meantime, I would say that given the 100%+ increase i have seen since I first became a shareholder in January 2005, Bromley and Kendall have executed a pretty good job overall. Thank you for that. Rik Jacobs, welcome aboard. -Biggestbison
SunOpta is already down 30% from the recent highs. A meet is a welcome change from historic earnings. Last year had an extra week in the quarter. This is a good quarter and they should continue to get better given the ongoing growth and company trajectory.
I would bet the US dollar stays around this range as oil prices slip again over the long-term. With the global sourcing platform and much lower debt load, I think we are going to see better performance than other issues. We should be saving a pretty penny on lower debt now.