Hi Silvahman,
I think the main reason is that FNP was the BAL of a couple of years ago as it finally got legs. However, for the past 12-18 months it has sat idle with little price action. If anything it is quite stable and going forward it has a reasonable growth profile at least judging by the research.
EPS 9.5 2016, 12.7 2017 and 15.2 2018 (Moelis & Co).
When the rug gets pulled from Blackmores, Bellamy's and others of a similar ilk, FNP will not fall quite as hard. That said, if the above mentioned keep growing earnings as rapidly as in the past then the price will be justified.
I own all those mentioned!
A2M Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
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