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[sharechat] Nufarm


From: "nick" <acummin@es.co.nz>
Date: Thu, 29 Mar 2001 17:09:53 +1200


       Havre always been a big fan of nufarm although its
recent performance (last year) on the sharemarket has been rather
bemusing.
     I attributed the recent slide below four dollars to the foot and
mouth epidemic in europe. However todays announcement seems
very positive, with no mention of that disease, or any other potential
problems, yet the price is still falling.
         Am i missing something?  Last time i looked j.b.were valued
this company at around 7 dollars a share,  they are widely percieved
as undervalued yet  still the price dosent respond.
         Ok they are in an unsexy industry, they are associated with farming
in europe where mad cows and sore feet rule the day, the issue of genetic
engineering of plants probably also puts people off.   However on a fundamental
level surely these shares are now at a giveaway price. 
 
  nick
             

 
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