I think BWX will be struggling with a rising cost base and raw material / packaging shortages. Throw in some staff in isolation and production output being held back, it would be a tough business to be running right now (IMO).
Exports would also be under pressure, with rising shipping costs, shipping delays and changing government regulations in certain countries.
I also think that they will be suffering form deteriorating margins (especially with the supermarkets) and stagnant organic growth.
The price they paid for Go-To…. Well it seems expensive, especially in such an uncertain environment.
The Chemist Warehouse deal is interetsing to say the least.
BWX Price at posting:
$3.58 Sentiment: Hold Disclosure: Held
