Buying opportunity, page-15

Agreed. This is overblown selling but we could see it drop further over the coming day's/weeks. Not going to miss the opportunity to buy more now, can always buy again if we see further decline.

Of course being fearful and wanting to sell here is natural but taking a step back from what the current results are telling us, how I feel about A2M as a company has not materially changed. There were some small good news stories in the update which are of course overshadowed by the update they're not recovering as fast as they had hoped.

Being hit with multiple earnings downgrades is never pleasant but I think 25% drop is an over-reaction. The underlying milk products market is still strong and growing while the a2m brand continues to perform well in China and ANZ. I'm uncertain if the MBS growth is a sustainable growth area to replace a heavy reliance on daigou or if it is intended to operate as a complimentary channel. There is nothing to indicate that a2m has taken a brand hit - we're looking at primarily a supply-chain issue. Given your example: If Qantas can rebuild it's SP to within 25-30% of it's ATH prior to widepsread travel resumption then I see no reason why a2m will not be afforded similar support in the coming months.

This whole year I've been considering Buffets quote on "being fearful when others are greedy and greedy when others are fearful". I think this selloff is fair time to lean on the latter.