Going to quote my own prediction here....the way it was getting sold down prior to this announcement is so typical of BWX. Average punter last to know. However, it seems to be getting close to a realistic price for a non-growth stock. Their blurb says lower EBITDA due to inefficiencies. I would say though it is more likely due to heavy discounting. Can a new plant make the product even cheaper than it already is? Seems hard to imagine. Il see where is settles but might be worth a punt, however the gloss has gone off and that reduces the spec money that would normally flow in.
BWX Price at posting:
$1.48 Sentiment: Hold Disclosure: Not Held
