MGC 0.00% 43.0¢ mg unit trust

Drowning In Debt...

  1. 7,026 Posts.
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    One of MG's biggest unresolved and worsening problem is DEBT.

    First, the company.
    Below Link is an Article from AFR titled: "Gary Helou's debts mount at Murray Goulburn"

    http://www.copyright link/brand/rear-windo...t-dairy-giant-murray-goulburn-20160420-goar0e

    Second, and, most importantly MG's dairy farmer suppliers.
    Below Link is an Article from ABC News titled: " Dairy industry in despair as Murray Goulburn milk price cut
    leaves farmers 'owing" hundreds of thousands."Dairy industry in despair as Murray Goulburn milk price cut leaves farmers 'owing' hundreds of thousands - ABC News (Australian Broadcasting Corporation)

    http://www.abc.net.au/news/2016-05-...farmers-'owing'-hundreds-of-thousands/7386664

    When one pieces both together it becomes a round-robin, each inter-dependent entity feeding off the other.
    And worsening by the day and month.
    Until MG's fundamentally flawed Business Model is completely over-hauled it will continue in ever-widening circles, more farmers trapped in the net.
 
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