BKL 0.00% $94.73 blackmores limited

Confused as to how this stock hasn’t dropped further in price....

  1. 41 Posts.
    lightbulb Created with Sketch. 12
    Confused as to how this stock hasn’t dropped further in price. Effectively the end of year profit year on year has more than halved. I compare this was a2milk - if a2milk even misses guidence and turns slightly less *increase* in profit year on year the stock price slips considerably more. What’s the deal? Why Is blackmores being valued at over 1billion dollars with a small profit that is going backwards? All indicators point to disaster yet the value of the company is still at huge multiples to profit
    Last edited by rbulmer: 13/02/20
 
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Currently unlisted public company.

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