Originally Posted by
Gregnz
Paying $5.10 a share a short time back for a company heavily in debt and so reliant on ATM, in one way makes ATM look like even better value. Less capital intensive and close to $800m in the bank, plus seemingly better management. Also appears that SML bear the brunt of increasing dairy costs and surplus dairy supply.
Perhaps A2's management aren't all that bad after all, they appear to have been quite diligent in constructing a supply agreement with Synlait which appears to be heavily weighted in A2's favour.
(disclosure: Im not a holder of SML).