The key to A2 is that they don't own plant, frees up cash for marketing. However they have already shown that they will step in if their supply is threatened, (upping their stake in SM1), they will do that again if another threat emerges.
They need to be cashed up for a pending fight in the USA against entrenched Milk industry (which will go the same way as it has in NZ and AU), but apart from that the only threat is from a hostile TO from Nestle or Danone, ......one hell of a TO, $9B for a brand......
The key to A2 is that they don't own plant, frees up cash for...
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