I bought some Elders shares at $9.99 in my RL portfolio on Thursday - a new position for me. I won’t add in SM, mostly because I don’t have much cash left to play with in that portfolio!

I don’t often buy large cap shares directly these days, but to me this seems like one of those opportunities that comes around every now and then to buy into a great business and a great price. The market obviously doesn’t like it right now, but I tend to think that those setting the price have much different time pressures to what I do, and it’s hard to see Elders not being more valuable over the long term. What it does over the short term isn’t so important to me.

Recent weather events and the upcoming change in CEO are concerns, but I don’t believe they will be material over the long term. I’m hoping to hold my shares, and reinvest the dividends over many years. It’s nice “ballast” for my small cap-predominant portfolio as well. Something I don’t have to watch quite so closely, it can just do it’s thing. Like others have said below, the current price seems like an opportunity.