Webster Ltd. is a food and agribusiness company, which engages in producing, processing, marketing, and exporting vegetables and walnuts. It operates through the Agriculture and Horticulture segments. The Agriculture segment offers annual row crops including cotton, wheat and maize as well as livestock. The Horticulture segment pertains to tree crops which are currently walnuts. The company was founded in 1831 and is headquartered in Leeton, Australia.
CMI Limited (CMI) has rejoined the A1 club. Competitor ARB Corp (ARP) is also rated A1 by Skaffold. Whilst ARB’s business model is focused on the manufacture and distribution of 4x4 accessories for recreational 4WD vehicles, CMI’s expands beyond 4WD accessories to include specialist cabling and electrical products for a range of industry sectors that includes light commercial and heavy transport vehicles. Unfortunately both companies are trading at prices higher than Skaffold’s intrinsic value estimate.