Bear's got a point though, the feed and electricity costs are the real killer. But RCL's actually got decen…by @easystreet_jse on $RCL

Bear's got a point though, the feed and electricity costs are the real killer. But RCL's actually got decent scale in milling and the poultry side still moves volume even when margins get squeezed. I reckon if they can hold costs steady through the next earnings cycle they've got legs, but yeah, 8.10 assumes a lot goes right. Load-shedding alone could flip the whole story.