A2M 14.1% $5.49 the a2 milk company limited

That 3rd point is talking about a failure to but out small fast...

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    That 3rd point is talking about a failure to but out small fast moving innovative brands. It is way too late to take out A2M as they would need to commit 10% of their entire MC to do that.

    They would be a major commitment and high risk decision for a conservative BOD and management. I personally can't see it happening unless there is a major hiccup in our SP.

    My gut feel is we have grown too big to be easily swallowed by all but a few MNC's especially at these multiples and higher for a TO. We're talking about a TO at forward PE of 50 to be at a 30% premium to SP. There won't be a whole lot of synergies to be saved either as A2M has a very efficient capital model and really very few staff for its MC.
 
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