Thanks for that. Do you mind if I ask you where you got the information for the free range facility? I couldn't find it in any of their announcements but I may have missed it.
I dont doubt your numbers but I find it hard to forecast higher revenue when CAGR has been flat for the last 6 years. Obviously if your numbers include the revenue growth from the new facility then thats fine. Thats what I am trying to understand and model now.
I'm still unsure about where the cost savings are going to end as well. They won't keep contracting for ever.
Having said that the stock certainly doesn't need it either as it is sitting just over 6x EV/EBITDA on current earnings in an industry that I think will finally get some tailwinds over the next 5 years.
FRM Price at posting:
$1.75 Sentiment: Hold Disclosure: Not Held
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