Sarthak: Business Tree of Consumables

“Management with their hedging policy are destrying this company! The next SOG’s / Croesus if they don’t wake up and see the light! As I said in the past, I had our Finance Manager look at their hedges at $500 and he told me to steer clear. At $550, its just that much worse!” “I…

My observations with REITs is that they have to borrow, to gear, to provide an attractive distribution. This is fine if the LVR is less than about 30%. Anything higher, they tend to blow up, when interest rates change (as they did, historically) Also, a lot of it is an elaborate game of ‘pass the…