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10-05-2012, 12:43 PM
(This post was last modified: 10-05-2012, 12:46 PM by Curiousparty.)
The timing of purchases of raw materials (i.e. potatoes) is of the essence. We have seen that even big timer like Wilmar could make big losses if the timing of purchases is not right.
Essence's model of buying potato (starting in Aug) and producing downstream products thereafter may be inherently flawed. e.g. potato bought at super high price and downstream products' prices plummeted, which has happened last year.
What would prevent this from happening again this year? we do not know.
Essence's model of buying potato (starting in Aug) and producing downstream products thereafter may be inherently flawed. e.g. potato bought at super high price and downstream products' prices plummeted, which has happened last year.
What would prevent this from happening again this year? we do not know.
(10-05-2012, 12:12 PM)Humble Wrote:(10-05-2012, 11:44 AM)potatolover Wrote: I am vested. I hope it can drop more so that I can pick up more at even cheaper prices
Can you share why you are confident on this counter despite the negativity about s-chips and the impending losses due to depressed starch price? Any positive news to share? Thanks.
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