ForFarmers made the wrong bet on wheat prices and has suffered in H1 2019. However, the situation has normalized now.
I expect a one-time dividend cut based on the dividend policy and profit expectations for this year, but it should be business as usual from next year on.
ForFarmers is the largest producer of animal feed in Europe and has options to streamline its production process to cut costs.
I have initiated a long position in ForFarmers as I believe the current valuation is very attractive.
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ForFarmers (no US ticker symbol) is one of the largest animal feed groups in Europe with a specific focus on the Western European markets, on which