SIAF.PK is ckgt.ob 3 years ago. Once the subsidies go away their margins will be MUCH lower. The fact that they have found new markets and products which looks to overcome any potential shortfall of the government subsidies which in this case was lower taxes. I expect the 30%+ growth in earnings per share to continue in 2011 only at a much higher rate as Pappys' dream products get launched.
As far as bad earnings I don't see it. As I have stated on more than one occasion they will be basically flat on PPS basis but sequentually higher on total net income. Guess I'm done ranting and raving as in two weeks we will all know.
As far as the new IR firm I still believe they were the back-up plan if cash was/is needed. They know nothing and will continue in that capacity.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.