they are getting punished for poor performance... but nevertheless their EBITDA is still sitting on $80m, that is not a bad start for a stock with a market cap of 1.1B. They have a $60 million cost cutting program under way and they have acquired their manufacturer in Victoria.
These elements could come together for a good turn around come 2020 and beyond.
This is a a turn around story with high risk but extremely high reward if they manage to do a half decent job at it.
DYOR
BKL Price at posting:
$64.51 Sentiment: Buy Disclosure: Held
