Quote:
“There seems to be a serious disconnect between the amount of [raw materials] Bellamy’s has contracted to buy and what it is *actually now selling,” says Mr Fergie.
“They now have a [sales] volume problem, a pricing problem and a margin problem. I wouldn’t have thought that would have tipped them into insolvency, but it could be that their cash situation is dire and they are having problems making their payments [to Fonterra and Bega Cheese] because they have locked in such financially demanding take-or-pay supply contracts.
I notice they mention the F-word?? NZ's largest company.