Sino Agro Food Inc (fka SIAF)

[RealUSA]

the problem is they are bad operators. for example if we take sjap/beef they are getting killed because even with import costs USA beef is higher quality or cheaper and both. they can't compete. maybe they aren't as mature as a industry. same with problem with aquafarms is someone competent hires even .ca to build it they will flood the market and kill aquafarm too. I like that siaf tries to do premium products but they aren't able to successfully. so the real danger is that they squander enough time and the profits get eroded away by competent competitors.

realistically this should be trading at 10 minimum and probably closer to 20 to 30 if they professionally managed the business and didn't punish people for holding shares.

I say 10 with a 1 eps and we r at bottom of cycle. while book value is higher, they aren't able to edge to be use those assets. if u have say 30 in book, u should get at least 3 in eps which is only 10 percent return on equity, and a credible company would trade at 30 to 45 minimum.

so there is upside but is it scrap value. it's very sad to see management squander their own opportunity as well as shareholders b3cause they can't communicate or behave like adults or professionals.

they should have had the agm and discussed the issues frankly. this is was emptyone would have said.