I dont know where they go from here to be honest. The previous strategy was vol growth for the purpose of bringing down costs whilst increasing revenue. The increasing input costs like feed have somewhat derailed that strategy and now they are unwinding growth plans. Theyve been through this cycle a few times now and dont seem to understand how to manage it. I guess thats why they are constantly going backwards.
I would say they need both feed prices to come down and YTK prices to rise. But they still have a fundamental problem with uncontrollable feed costs. The subject of feed has been a problem for CSS for at least 20yrs. The last issue (between '08 and '12) was a lack of Taurine in the feed which killed the fish and CSS sued (and won).
CSS Price at posting:
24.0¢ Sentiment: Sell Disclosure: Not Held
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