I missed the first 20 minutes unfortunately but caught the next hour and a half or so. Overall I was reasonably reassured by what was said. I know CV "passed" on many of the options and inventory specific questions that were raised, but I suppose there were a lot of questions to get through and he wanted stay big picture. I don't feel too left in the dark. However I was made to feel a bit mean for being underwhelmed by Q2 sales when he explained the context of the drought conditions besetting Brazilian farmers. A fair cop. I also liked the energy and confidence exuded for the rest of '21 and forward into 2022.
Two things that I did find a little odd though were a. his response to the question as to whether he is speaking to private equity. He said no he was not speaking to PE about taking the company private, but he said it in a way that sounded like he might be speaking to PE about something else. And b. I thought it odd about the company using cash on the balance sheet to buy back shares, when we all know that the company needs all of its cash to self finance its growth, hence no dividends for the foreseeable future (correctly IMO).
Thoughts welcome.