Small-cap seed company S&W Seed Company (SANW)
has certainly weathered some ups and downs in recent years, not all of
which were or are in management's control. While the company has taken
cogent steps to build out and improve its alfalfa business, policies in
key markets like Saudi Arabia have undermined the company's progress. At
the same time, though, the company has suffered from a
sometimes-incoherent and scattered set of corporate priorities.
New
management has been clear about what it wants to do, and most of the
new plan sounds good to me. It's going to take time for these plans to
bear fruit, though, and the company doesn't have much of a safety net
left to withstand significant disappointments or delays. While there's
certainly upside from here if management can get the business stabilized
and growing again, the risks are high, and the company's ability to
execute under new management is still unproven.
Read more here:
S&W Seed Following A Better Plan, But Execution Remains A Key Unknown
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