Yeah, as I suspected traders have exited... part of a normal consolidation phase in any long term growth story. Check the all time charts of CSL and COH, who would have thought an ear implant could be worth billions in market cap? Just as few now believe that a cure for the common cold or the flu could be worth billions in market cap.
Agree in BLY, it looks like turning around. Very interesting price action the last 6 months, looks like breaking out in a substantial way.
Regards to BTA management, they are doing a fantastic job in my opinion... they are not building empires or spending on any willy nilly takeover but rather buying back undervalued shares, paying back capital to shareholders, targeted takeovers, progressing the pipe, developing new relationships, marketing the company to international investors, removing risk from high cost litigation, not ramping the price due to a new pandemic etc etc. Can you think of one bad management action in the last 12 months? I can't.
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