The thing is, whether access is temporary or ultimately granted as permanent, has very little bearing on whether it is worthwhile for the business. There has to be some pathway to profitability, BUBs hasn't found it, so even if it does achieve permanent status (which I am fairly certain it will) it may only be a license to lose even more money. BUBs has also had a lot of special treatment to get its current foothold in the market, which won't exist going forward.
I would have thought A2M has the existing distribution footprint and brand recognition to make the move into IF less costly and a better chance of profitability. But if it was a slam dunk it would have happened already. So I think it raises questions as to whether the market itself is viable when the domestic companies come out the other side of the whole formula crisis with their monopolies still intact.
A2M Price at posting:
$5.22 Sentiment: Buy Disclosure: Held
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