Livestock and Farseer hit the nail on the head, in my opinion. HK’s leverage ratio has been trending in a better direction, and the stock price still has upside potential through 2026. However, a very significant ownership risk associated with the company must be priced into the share price. LSO’s strategic intent does not necessarily align with the interests of the company or its other shareholders, of which last year’s dividend is a very fresh reminder.
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