Sask Wheat Pool

[winston]

Will the SWP survive? How safe is an investment in a grain condo with them?

[ckd129]

Tough question hey. This will be a hard year for them. Currently they are selling off alot of assets and this seems to not be sitting well with some shareholders. They have alot of debt as well, but so does a few of their competitors. Personally, they are in some real hot water. Just because of where they are going with their employees. Everything is fine right now, but they will soon run out of talent. They have been forced to lay off so many employees, these are often the younger employees (up to 40 years of age). So in a few years when they have no employees that are really familiar with SWP they really begin to slide (if still existing).

[cowman]

I wouldn't bet the farm on them! They are going to go down big time! Wait and see.