If you expected a good result for the 2017FY then I think you've had your head in the sand. Its not an overly complicated scenario. High cattle prices, the company will lose money. Low cattle prices, will increase demand and the company will return to profitability. Cattle prices have already fallen 15% from their highs of last year. Another 15% fall is needed. While the Balance Sheet is fine for now, if cattle prices don't behave themselves then there will be another CR in 2019 (this may even be needed to fund the new ship in any case).
WLD Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
