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BAL Bloodbath, page-28

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zennysauce

92 Posts.

05/12/16

12:39

Post #: 21107090
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Originally posted by Barolobill ↑

Whiped out and not jumping back into the fire! When everything settles down early next year, I'll take another look fory super, or if it goes low into the $5's, I might take a small punt.

The announcent was absolutely terrible, made worse by the disparity in performance to A2, I really did think the brands were selling equally well. 2H FY16 numbers must have included some very large bulk buy orders, making the period look artificially strong.

Brand is good, but seems to be performing in all the places that don't really count, Food, Singapore etc. They are also close to saturation point domestically.

It's a solid business that will recover at some point, I just don't think that will be any time soon...

Risk remains to the downside and I'm no good at timing cat bounces!

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Thanks for the comment, looks like a good call to cut losses yesterday with what looks like another horror day today for BAL.

I'd want to see sure signs of a bottom before even considering a purchase.

BAL Price at posting: $6.44 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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