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$13.23 bellamy's australia limited

Earlier this year it was one of the very few times I've followed...

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Sabbath

10,283 Posts.

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26/12/16

10:02

Post #: 21557729
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Originally posted by Sublimity ↑

I sold this stock at $14.50.

When price plunged - I bought at $7.90, but about $5,000 worth of shares. I thought fair value was around $9, but seems I was mistaken.

I empathise with people who have lost a lot of money - but few things are quite obvious:

1. Not enough coverage is given to mid cap stocks - if you look at Bellamy's, Blackmores and MGC - the issues they face should have been obvious - a billion dollar company out of Tasmania should have had more questions.

2. Mum and and dads seem to be losers - left hang to dry in most of these cases. It is atrocious the way they have been treated by the board and management of Bellamy.

3. ASX doesn't have much options - out of mining and banks. I learnt of Bellamy from a recommendation by that guy at Wilson Asset Management.

May be should stick with my strategy - only shares with dividend yield of 5-6%, and solid businesses.

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Earlier this year it was one of the very few times I've followed mainstream analysts assessment & predictions based on future growth potential with sp to increase to $17. So much for all their millions spent on analysis.

BAL Price at posting: $6.68 Sentiment: None Disclosure: Held
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