It's cheap (taking the midpoint of its guidance it's on less than 5.5 x earnings), it has got a strong balance sheet (net debt / EBITDA was 0.8 x at end - 2010), it has a stable business model (it is the biggest distributor of fruit and vegetables in Europe, with a reach that enables it to supply multiples across different countries), it has a decent dividend
yield (circa 4.5 %) and it is spitting out
cash (
free cash flow for the twelve
months ended 30 June 2011 amounted to $ 29.0 m — that's nearly a quarter of the group's market cap).