I am not talking forensic accounting here . I am talking basic accounting.
Just want to know your calculations on how write down of Property Plant & Equipment (PPE) has an incremental impact on Earnings Before Interest Taxes Depreciation Amortization ( EBITDA) which is an operational metrics.
Yes I am a holder and have an investment thesis. I agree that its an low margin business of cyclical nature without any moat. However , I believe there will be a consolidation going on the industry with phasing out of cage eggs. Producers who can produce free range at low cost will be at an advantage.
I wish you a good Saturday night
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