The recent haze reminded me of one of my stock (read here).
I have watched share prices sink since 2010, and it is definitely not a stock for the weak hearted. Share prices aside, I have watch the fundamentals of the company deteriorated, and the debt level ballooned. In addition, earnings per share is negligible. All thanks to the slump in CPO- read here. Palm oil prices have now hit six-year lows.
To add to the carnage:
- Moody’s just recently downgraded Golden Agri (read here) in Sept 2015,
- In May 2015 the Roundtable for Sustainable Palm Oil (RSPO) has asked Golden Agri-Resources to stop acquiring or developing new land until it is satisfied the company has …