Fonterra General Observations

Nobody discussing anything on here so I will kick something off!

1. When they reinstate the dividend (and they will), back to around 30 cents this would give around a 9% yield at current prices - good luck beating that rate at the bank or anywhere in the coming economic market.
2. Bears say they have a lot of debt, but this will not be such a big factor now that debt funding is so cheap, plus they have been reducing debt (one of the reasons for halting the dividend).
3. Oil prices have collapsed, making it cheaper to run their 500+ trucks 24hrs a day, and their plant, shipping, etc, making their operation leaner.
4. They have markets all over the world, enabling them to increase or decrease sales in particular markets depending on local pricing.

Any thoughts out there?