How's the current milk supply, has it hit the worst case forecasts of sub-2Bn litres yet or has it stabilised? If it falls to clearly below 2Bn litres level MGC is going to be doing a fast shoe shuffle and all bets off in regards a turn-around and a fire sale will be more firmly on the table than ever before, whether it be in its entirety with warts and all or bit by bit.
What an awful way for the largest Australian owned dairy company to go if this is the case and not to underestimate the industry fallout.
MGC Price at posting:
86.5¢ Sentiment: None Disclosure: Not Held