The choices have always been many.. nothing has changed here except shorters / algorithmic traders have chosen blackmores as a target to play with.. for now. Dividend yield is expected to increase next year so it's looking pretty attractive at these prices. And it's still a growth stock, they are moving into new markets so a high PE of at least 20 is justified. It's running on a similar PE to Amcor at the moment and they sure didn't increase their profit by 100% this year.
I'm not holding Atm but will be starting to buy small parcels at these levels. Shorters did this same thing to BAL a while ago and drove it down from $16 to $8. Now it's Back up again. Same will happen with BKL.
BKL Price at posting:
$116.96 Sentiment: Buy Disclosure: Not Held