Always look for the undervalued company. In the current environment its hard.
Bal was undervalued upon IPO but now is overvalued. You then look at potential and BAL has extremely good prospects. I am currently vertically intergrating the investment by buying up undervalued beef and dairy properties, A good dairy is cheaper at the moment than a house in Sydney. and if you look at demographics, the land will be a within urban crawl in a few years. Beef properties are undervalued at moment thanks to Landmark and ANZ.
The important thing is not to get caught up in the hype. Say NO, its good for you.
good luck.
BAL Price at posting:
$6.06 Sentiment: Hold Disclosure: Held
