That's a Giff chart... LOL You gotta watch that giff math.... So you think I'm optimistic.. LOL.. I'm assuming they got there price increase!
Also if you look hard at that spread, you can see COGS in the 55% of revenue ranges... Just think about once they get back to that range.... It will take a while for price increase to take full effect and I think food raws will drop too...
this is there Consensus Forecast chart
Date... low High Dec 2007 0.03 0.03 Mar 2008 0.06 0.07 Jun 2008 0.07 0.07 Sep 2008 0.075 0.08 Dec 2008 0.075 0.08