| | | SENEA. Yes, performance maybe very likely not sustainable. Cyclical. I am betting that that is reflected now in the lower stock price. There are some companies that, if they go out of business, not many people would notice or care -- e.g. some retailers. With SENEA who process food and their location near farmers, I have to believe that if management doesn't screw up, the comany has got to muddle through - farmers need them as do the companies that buy from SENEA. (That is, SENEA, seems to me to be important/necessary in the food chain from farmer to ultimate consumer.)
Stock could drop further of course with market decline or factors affecting farm production. Otoh, in good or better times, stock should/could/might/will rise yet again - maybe low 30's is reasonable. That's not much from current price. However, the offset plus is - for me - that I believe the stock to be very safe given my belief in the company within the food chain. (Worked out ok for me last time I held the stock. I try again now again now with a hold&wait for a few shares within a very diversified portfolio. I could be wrong.) |
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