Golden Agriculture Resources (GAR) stock net profits Q1’13 headed south by approximately 21% as compared with Q1’12. To me, this figure is actually quite good considering the high stockpile of crude palm oil (CPO) and the low CPO prices that we have. I believe investors also share the same feeling as myself as GAR’s stock price headed 2 cents higher to close at approximately 55 cents today. The Chairman and CEO of GAR remains bullish on the crude palm oil outlook, read the financial results of GAR and the Chairman’s statement here .
I have quite a good number of stocks of GAR and though I now hold these stocks below the price that I paid for, I believe it is just a matter of time that the crude palm oil recovery will translate back into the 73 cents to 81 cents which is the high stock price trading range that ......
