I agree with you SNF. The report was far from anything special. But punters are happy to see some stabilizing of the operation. Declines in all areas as far as i can see if you ignore the selective commentary of the report. (as per post above.) Also some tricky wording. I think the "2 products in the top 10 skin care products" at Coles might actually mean in terms of growth? But off what base? With sales of $53m including all of their pharmacies, I just cant see them having 2 products in the top 10 of sales unless Coles are do very badly..and it wasn't actually specified.
Personally i think the PE at these levels is way too high for a company that doesn't have a growth story and no real brand differentiation and it will settle back down. But last time i picked the top too early and it continued to race up another 20% or so before its crash, so there is possibility of a trade in it still based on short covering or something.
BWX Price at posting:
$3.57 Sentiment: Sell Disclosure: Not Held
