Why Tytn is in the sweet spot!
Big Picture:
1. World population growth: 7 Billion hungry mouths to feed.
2. Investors bidding up farmland prices.
3. Commodity prices increasing.
4. Central Banks increasing money supply to paper over debts and bailouts.
5. Record farm incomes. To minimize tax burden farmers buy equipment taking advantage of accelerated depreciation deduction.
6. According to US Department of Agriculture 54% of farms are under 100 acres; 31% of farms are between 100 to 500 acres. Eighty six percent of US farms are owned by individuals.
7. Demand for US grains, beef, poultry on the rise as Asian diets switch from high priced Rice.
Tytn is the new kid on the block, but with experienced management. It takes time and a lot of patience to build a company. The competition has brand recognition and decades of history. Do you think the early investors in these competitors were discouraged at the lack of information or impatient because the price per share meandered sideways for years? Of course they were! Do you think these investors fretted when authorized shares were increased to expand the business? Of course they did! And many of these weak holders bailed out of their stock holdings far too early.
To all of you looking for a short term high flying tech bubble type stock, this isn't it! But if you have a long view like I do, you appreciate all the hard work that is being done to build this business! With the product lineup TYTN has, the pricing and the quality, the future looks bright indeed. Now, the rewards may be years from now. My main goal was to find an investment to help fund my grandchildren's college education.