BELLAMY'S DOWNSIDE RISKS, page-38

the main risk is if they do not diversify.

there is a good 3 or 4 companies asx and non asx listed bellamys should raise money for while the price is over ten dollars , few million shares placement at 12 dollar or what ever and invest it in non milk formula companies but still related to its strategy . and it does not have to be organic to make a investment in . I have tried to speak to bellamys board many time . hopeless to get a message past the secretary or the office ladys on the phone. I'm still holding but they really do need to diversify cant solely really on there main income for too long. sure they can expand the market but good to expand there investments at this time not later when competition is more from other companies