A2 Managment has Baby Nap... while Bubs Australia ships 27.5 Million Formula Bottles to U.S, page-225

Admittedly, I like many other holders weren't paying enough attention to company fundamentals when it hit $20 during the early stages of COVID.

I paid too much attention to what was an unprecedented change in external circumstances (COVID) which seemed to be benefiting the company in the initial stages then. So there was a lot of uncertainty in the projections that supported the company's value in the $15-20 range back then.

In short I have learned from that experience that the kind of figures you are flippantly throwing out need to be grounded in reality. The company is also in a more mature phase of its growth trajectory.

I'm also one of the luckier ones to have bought in early below $1 and was forced to take profit on the way up due to changing circumstances. I sold a large chunk around $10-12 from memory around late 2018.

Since then I resolved to basically free carry the remainder of the holding due to my belief in the company's long term potential. But even with my belief in the company I recognise it is in a different phase now. You don't just suddenly start getting a high growth and high PE again for no reason.