Manufacturer of seed and crop protection products NUF has struggled for the last 4-years and buying current weakness makes me think of “catching the falling knife”, historically an excellent way to lose money. The company lost ~$80m in FY20 and while it’s tipped to return to profitability in FY21 to the tune of $61m, the markets clearly not a believer and ”fighting the tape” can be dangerous, especially with stocks in pronounced downtrends.
MM is neutral NUF
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