Wednesday, February 10, 2016 7:04:17 PM
2015 was a bit of a rainy season and it may affect earnings in a negative way. So we may not see $140M in profit but it should be at least $100M.
If the prices of oranges etc. went down in 2015 then they may have to revalue the assets (management rights) downward. So instead of $2.4B they could be worth only $2.3B. The difference, they have to book as a loss. I think that's how it works.
So overall, they may actually book a loss. But none of this matters to us, with a market cap of only $75M, or 3% of book. What matters is the results from operations. The $100M+ in profits.
And of course we would like to see the $100M in cash on the balance sheet, one way or another. That will drive growth.
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