I see BAL lower, page-33

Once again, a bullish person isn't address the company's terrible cash flow and balance sheet situation.

BHP is about as different from BAL as possible, the comparison is meaningless. The most important difference (in my opinion) is BHP was in a low chance of needing re-capitalization, whereas BAL is almost certainly in need of re-capitalization.

If someone believes the BHP to BAL comparison is useful (god knows why), then lets compare STO 2 years ago to BAL today. Yeah buying into STO after that first drop down to ~$7 proved to be a great investment.

While the long term demand for infant formula might be strong (I don't know either way), companies in growing sectors/markets still go bankrupt if their financial position deteriorates in a similar way to BAL.