Sunday, November 23, 2014 7:04:35 PM
My Perspective -
After spending some time catching up on this board I see that not much has changed really. I've been an owner of this company for several years now, and it's still amusing to watch you all wring your hands over every up-tick and down-tick in the stock price. You focus on the same ole BS. You jump up and down asking when the divi will be paid, or what Solomon is going to do to get the EPS up.
In the meantime, this company is quietly growing, and expanding, and building its infrastructure....getting into new business areas and partnerships, and distribution channels. Shifting away from non-accretive businesses (dairy...and now possibly HU).
Solomon may not be a genius when it comes to how to structure deals financially, but I'm not complaining because he got us where we are today, and the biggest new catalyst for this company is the Euro Capital arrangement, and FINALLY some light at the end of the tunnel as far as the continual dilution. To me THIS IS THE KEY TURNING POINT. However, I still don't see any new divis being paid out anytime soon, nor share buybacks. These things will come when the time is right. But the time is not right. Solomon is still funneling cash into growing out his empire.
To me the beauty of Solomon's business model is that the bulk of it is scalable and fairly easily adaptable to market trends. If the margin on sleepy cod tanks, you can switch to higher margin species like prawns, or eels. The tanks are modular, so fairly easily scalable. With the megafarm, eventually they will have the space to try growing specialized things like puffer fish or whatever turns out to be the next big thing. A couple decades ago nobody had heard of tilapia or chilean sea bass. Listen to empty....get the marketing piece right and you can create an empire! But it takes TIME.
Let him continue to build the "Amazon.com" of global green farming technologies, and our rewards will com in due time.
After spending some time catching up on this board I see that not much has changed really. I've been an owner of this company for several years now, and it's still amusing to watch you all wring your hands over every up-tick and down-tick in the stock price. You focus on the same ole BS. You jump up and down asking when the divi will be paid, or what Solomon is going to do to get the EPS up.
In the meantime, this company is quietly growing, and expanding, and building its infrastructure....getting into new business areas and partnerships, and distribution channels. Shifting away from non-accretive businesses (dairy...and now possibly HU).
Solomon may not be a genius when it comes to how to structure deals financially, but I'm not complaining because he got us where we are today, and the biggest new catalyst for this company is the Euro Capital arrangement, and FINALLY some light at the end of the tunnel as far as the continual dilution. To me THIS IS THE KEY TURNING POINT. However, I still don't see any new divis being paid out anytime soon, nor share buybacks. These things will come when the time is right. But the time is not right. Solomon is still funneling cash into growing out his empire.
To me the beauty of Solomon's business model is that the bulk of it is scalable and fairly easily adaptable to market trends. If the margin on sleepy cod tanks, you can switch to higher margin species like prawns, or eels. The tanks are modular, so fairly easily scalable. With the megafarm, eventually they will have the space to try growing specialized things like puffer fish or whatever turns out to be the next big thing. A couple decades ago nobody had heard of tilapia or chilean sea bass. Listen to empty....get the marketing piece right and you can create an empire! But it takes TIME.
Let him continue to build the "Amazon.com" of global green farming technologies, and our rewards will com in due time.
"The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly." -- Warren Buffett
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