Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (29050)	11/20/2007 11:40:05 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78782

Out FLDR& ADVNA. Added to COV and CIT. not sure why CIT got hammered today, maybe the retirement of the vice chairman. from a balance sheet point of view, they appear to be out of the woods - they reduced their dependency from commercial papers, received some liquidity for their mortgage holding and boosted cash. So as long as the commercial lending business does not fall apart, they should be OK.

To: Spekulatius who wrote (29050)	11/21/2007 6:26:47 AM
From: anializer	Respond to of 78782

Good luck with Namoi. Like alway's - time will tell. I thought it was a bargain 20% ago, but as luck would have it the cotton crop in Australia is a disaster this year, and drought conditions persist with rationing of water. The do have a good chunk of the market on that continent and wasted a good sum fending off a takeover by Queensland Cotton which eventually went to Louis Dreyfus Commodities if I recall.

To: Spekulatius who wrote (29050)	8/16/2008 10:19:09 PM
From: anializer	Read Replies (2) \| Respond to of 78782

Amazing - now at 30% of tangible book, profitable, paying a small divie, and controls about 50% of the Australian Cotton market. Totally baffled. Namoi Cotton's positive profit forecast, despite drought impact 24/07/2008 2:18:00 PM Namoi Cotton has forecast a net profit after tax in the range of $4-5 million for the full year to end 28 February, 2009, despite the smallest Australian cotton crop in 25 years, the impact of drought and the volatility in global commodity markets. Australian cotton production for the 2008 crop of 0.6 million bales (2007 crop 1.2 million bales) represents only 20pc of its sustainable capacity. Namoi Cotton CEO, Bob Bell, attributes the positive performance, to the ongoing strategic focus of the organisation and to Namoi Cotton’s unique business model. “Our marketing strategies and strong risk management disciplines have also been fundamental to our success in recent seasons,” Mr Bell said. “This has resulted in significant gains in market share, as growers and export customers have recognised the differentiation of Namoi Cotton from its competitors in the market place. “We are committed to a strong regional presence and to the exclusive marketing of only Australian cotton and agricultural commodities.” Directors will consider the determination of an interim distribution in future months.