Makhteshim Agan was one of my hits. In 2007 it had more than doubled (130%) its purchase price. But they changed the CEO and Mr Bigger from TEVA took over. Since then, downhill. Last week he was sacked, for leading to a large loss and one billion dollars worth unsold inventory.
I had a clear advance warning. At a party in Ecuador, I chatted with Ecuador's largest distributor of agricultural chemicals. He said that Makhteshim was failing, cannot compete against Chinese products which are yet little known but much cheaper. I registered this important fact even in this blog, yet failed to act on it. I should have sold immediately. Did I learn from this sad case? Hope so.
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