Mingchop - I like EBOS and have been perplexed by the SP too. The only two things I can find that might be putting a dampener on it is: 1 - The market doesn't like uncertainty and official line from EBOS regarding COVID impact was an honest, transparent: "COVID-19 may affect different areas of our diversified Healthcare and Animal Care business in different ways during the next period of uncertain consumer demand" 2 - A major shareholder sold down 1% from 10.13 to 9.13%
Being a major provider of human and animal health product, you could imagine some supply lines being under huge pressure with COVID eg masks, gloves PPE etc. However, that could be offset by the sudden reduction in Elective surgeries, dental and medical practices during a prolonged lock down period.
This is an extremely well run company which advised of 3rd quarter increase in demand. I will be picking up more shares while they are discounted
EBO Price at posting:
$20.40 Sentiment: Buy Disclosure: Held
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