"If Saputo acquires WSB, it will invest in new capital equipment in Australia to target the Chinese market, thereby benefiting Australia’s economy and workers."
WSB? What would Peter Russell Clarke say?
Could be a faux pas there by The Bull.
How about Australia's loss is Canada's gain????
"Saputo understands that Asia, and more specifically China, is its future.
And this is where the policy history facing Saputo comes in. The critical input – milk – is far too costly in Canada due to our destructive supply management policy, meaning Saputo’s leaders have realised they need to enter Australia to establish a base there to target exports to China."
Cui bono is the question to ask directors. Of course they know the answer. Us oops we mean you! LOL
WCB Price at posting:
$9.25 Sentiment: Hold Disclosure: Held
