Plenty of cash on hand and growth strategy is being executed (brick and mortar expansion). I feel like the downward spiral is due to people that couldn't afford to stay long and the buyers are on vacation. They will be back on this one.
Billy Ray Valentine said it best:
"Okay. Pork belly prices have been dropping all morning, which means that everybody's waiting for it to hit rock bottom so they can buy cheap and go long. Which means that the people who own the pork belly contracts are goin' bat-shit. They're saying, "Hey, we're losing all our goddamn money, and Christmas is just around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife won't f... my wife won't make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now! I can feel it! They out there!"
Randolph Duke: [on the ticker machine, the price keeps dropping] He's right, Mortimer! My God, look at it!
Billy Ray Valentine: I'd wait until you get to around sixty-four, THEN I'd buy. You'll have cleared out all the suckers by then.
Randolph Duke: This is Randolph Duke. Advise our clients interested in bellies to buy at sixty-four. Mr. Valentine has set the price.
[He punches up the numbers on his calculator]
Randolph Duke: Do you realize how much money he just saved us?`
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