The dollar just hit a new low against the USD a few hours ago. And there I was thinking it was poised to bounce back upwards.
There was an article on The Land a few days ago where another analyst gave a valuation for the company:
Since the start of 2013, Select Harvests shares have soared more than 350 per cent to about $6.24. But CIMB analyst Niraj Shah thinks the stock could go to $7.27 as drought in California, which produces 80 per cent of the world's almonds, threatens supply and boosts almond prices.
That is the third analyst to give a valuation above the $7.00 mark in recent months...I think they are probably too conservative, though of course we will have to wait to see how the harvest pans out this year.
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