Forum Archive Index - March 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Learner,

>
> So what sort of animal do you think BPC will become if it get it hands
> on GMF  it have good cash flow to play with, do you think it will pay
> down debt or buy more companies .
> 

Probably only Graeme Hart and his close circle of command know the 
answer to that :-).

I really only have a cursory media knowledge of Burns Philp.   I guess 
it will end up as Australasia's leading branded food player.   It will be 
heavily indebted if it gets hold of GMF and I suspect that any so called 
'free cash flows' will be needed to pay down debt.  

It may eventually buy more companies, but I suspect that will be 
something that is years rather than months away.   If anyone out there 
follows Burns Philp,  I'd be interested in their assessment of the 
situation!

SNOOPY




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