Never can tell with Motley Fool whether their "research" is cherry picked to support a position, or whether they are just a bunch of actual fools. Without doubt though anyone that follows Motley Fool is a fool.
Take that article for example. "BWX continues to report overall growth. In the first six months of FY22, underlying revenue went up 26.5% to $106.9 million." Well yeah...but only after shelling out $89 million for a 50 percent stake in a previously growing business. Underlying revenue barely moved and dropped in some brands. But when it comes to profit, its "underlying" rather than overall they choose.
Again from the article ""It’s currently rated as a buy by at least three brokers, including Citi, which has a lofty price target of $4.90. The broker thinks that the outlook is still promising for BWX."
So as the share price sinks below $2.00, that is a pretty big miscalculation of share price. And the reason is, in my opinion, the actual figures which few people bother to read any more are not very well aligned with the company's blurbs...which everyone takes as gospel.
BWX Price at posting:
$1.99 Sentiment: Hold Disclosure: Not Held
