Back to $1.80? Question of time, imo.
All depends on the call. I think that digesting all the latest news nets out positive. I expect good explanations.
I have no doubt that intermediate and long term income will benefit. As long as 2011 projected net income is as previously projected, the company is in better shape than before the changes, maybe way better.
The company clearly traded its current cash cow -- pardon pun -- knowing it had another for 2011 income; namely, HU flowers. Did it get enough? Hard to see based on income sacrificed, but not in terms of reallocation of capital. They jettisoned dairy in favor of faster growth in the other businesses, possibly new business, and to improve net asset value.
The new fish farm contract validates that model, where the most income will come from in the years ahead. Would love to hear more positive news on that front on the call.
Wild card is what they are going to use the land for, and how quickly revenues will realize.
