I wouldnt go that far as to say consumption of fried chicken is...

I wouldnt go that far as to say consumption of fried chicken is over. Aussies love their fried chicken definitely recession proof but CKF aint going anywhere in terms of its share price. Management will be paid back to normal rates, Steggles will pass on price increases to CKF next year (look at corn prices for chicken feed to understand), eventually tax will be paid and management did also state that they will struggle with return on forward CAPEX.

I did speak with management at the AGM in Brisbane and they stated that they will maintain current dividend policy which I think is Alan Gray's doing so basically a yield play. Better yield plays out there. Although market will rerate this company when debt levels get lower but this could take a while.

Much better risk reward payoffs out there but I think this is a good safe trading stock. 1-2% scalps over several days...

Anyone got any opposing views?