This is not a high-quality company but this blog write up makes a good case for it - (1) Select Harvests (SHV:ASX) - Tenva Capital

There has been a string of bad news which has hit the company.

It just needs a few things to turn around. US tariffs look to be working for it with issues in California in terms of future production of almonds.

Significant downside protected by assets. Still debt but less after a capital raising.

Upside if the above comes to fruition but may take a few years to show.

Bell Potter forecasts below:

Two directors purchased on the market today at $3.89 & $3.44 per share, total value of ~$25K and ~$17K following the recent pullback earlier this week.

Interesting signal. Such a cyclical business that has made significant investments in the future and had the market conditions (weather & almond price) move against them.

A further drop and I may add to my position, for now, happy to continue to hold for the very long term (IRL).

Things to watch: Debt levels, albeit they are backed by farmland (& better than dilution).