Food Empire

[(cy)]

well for sure people still need to eat and drink coffee get by in war torn places. But what looks bad now could also get worse the fighting is in one area in the south but could spread. The company I see reports in USD but earns in rubles or ukraine currency and ruble lost a lot of value after sanctions, after currency translation it will turn into loss no matter if your original return was positive, the company market exposure to Russia Ukraine and lesser extend to Iran --- All these countries are now under sanctions talk about triple whammy.

the americans and russians both claim they don't have troops on the ground in ukraine but the americans have stopped using troops anyway in Iraq they relied heavily on blackwater contractors and what about the russians I'm sure they have their own military contractors too they claim those are volunteers, who is to say both are not using contractors and claiming there are no troops on the ground. if nobody adding fuel there would not be any fire.

big uncertainty in ukraine is it will spread into a full blown civil war it becomes like lebanon carved up into fiefs then costs for logistic and transportation going to skyrocket.

certainly agree with the comment about the overall negative sentiment surrounding the macro operating environment of FE. that being said, we should not neglect that the micro environment of the company is in fact doing well. from its recently published AR, NPAT would have been USD15.6mil instead of a net loss of USD13.6mil if we exclude the impact of foreign exchange losses. while the macro variables (such as fluctuation in currency due to geopolitical tensions) are within the company's control, FE is undeniably performing well from a company's perspective.

while I agree that macro environment plays a crucial role in influencing the performance of a company, don't you think that the negatives have been priced in for FE at current valuations?