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Food Empire
14-10-2019, 08:27 PM.
Post: #71
RE: Food Empire
(11-10-2019, 11:15 AM)Squirrel Wrote: I would also rely on their disclosed risks in FX as they seemed to have disclosed that quite honestly, evidenced during the 2014 devaluation. Refer to my earlier post on a comparison. Personally I would rather refer to that disclosed number than infer from assets locality.

It is better to be roughly right than precisely wrong.

Urge you to re read the forex risk note again. Not what you are looking for. Read the paragraphs before reading the number. Nothing to do with honestly. I don’t fully understand Because of the word unit.

In my opinion on this forex risk note. Most co. Doesn’t care about it. Yes include cfo. Neither do I care as a reader and preparer of AR.

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15-10-2019, 01:53 PM.
Post: #72
RE: Food Empire
(14-10-2019, 08:27 PM)donmihaihai Wrote:
(11-10-2019, 11:15 AM)Squirrel Wrote: I would also rely on their disclosed risks in FX as they seemed to have disclosed that quite honestly, evidenced during the 2014 devaluation. Refer to my earlier post on a comparison. Personally I would rather refer to that disclosed number than infer from assets locality.

It is better to be roughly right than precisely wrong.

Urge you to re read the forex risk note again. Not what you are looking for. Read the paragraphs before reading the number. Nothing to do with honestly. I don’t fully understand Because of the word unit.

In my opinion on this forex risk note. Most co. Doesn’t care about it. Yes include cfo. Neither do I care as a reader and preparer of AR.

Donmihaihai and Specuvestor, thanks for all your inputs on this. Now, I do believe that I understand where investors are seeing the risks on this particular company. Someone in this forum mentioned before that every value stock has their own set of problems which results in them having depressed prices. The realization of value would come only when these problems prove to be transient or over exaggerated. I do see the fx and country risks that you guys are talking about and would be eyes wide opened when I buy into the company. Hopefully that would give me more nerves to hold it through its up and downs.

Otherwise, I am looking forward to the rationalization process and Indian factory expansion to see what they could do towards the profits and diversification of the company.
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Please do your own due diligence. Any reliance on my posts is at your own risk.

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