mlennyma wrote:VituVingiSana wrote:mlennyma wrote:What does this stock swallow to beat the market when all are beaten??
We need to eat. Daily.
this is a perfect example of how the index can crash and escape unhurt
Though do not mix up 'share price' to 'profits' ... Unga went through some tough times but they seem to have stabilized i.e. profitability.
- Reduction of expensive debt
- Focus on higher-end products [vs other millers]
- Strong brand names
- 100% control of Unga (Uganda) Millers allows them to expand their presence
I don't know how profitable bread is but Unga plans to introduce mid-market bread using Ennsvalley but sold under 'Unga' [Ennsvalley Acquisition discussions]. At the minimum, it gives them a captive market for their wheat flour.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett