utah - they liquidated when they should have held. they have held back when they should have been selling! they might get away with it if prices stay stronger for longer but I am with you; something does not ring true; but then again i thought that some six months ago!
also , if branded beef is so lucrative , with sales up 70 odd % to some 2/3 or more of their revenue now, how come they were scraping to brake even at an ebitda level?
Quick thoughts, page-5
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