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$94.73 blackmores limited

Not sure about closing the gap. Gap down was based on the...

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ProfessorBen

8,038 Posts.

919

12/02/20

11:10

Post #: 42882354
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Originally posted by NZtrader369: ↑

Here we go.

Can't fight technical analysis when it's well made.

I said it'd go up to fill the gap and then go down...

This is going to be long and painful, restructure, new management, and then bringing in the right people, to get that business to bounce from $30

As some have said $30 is reasonable with a high PER. Could also be $15.

All the signs are terrible.

This new packaging is also terrible. Big packaging mistake is made and the fact they don't spot it, mean they don;t have the right talent in place.

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Not sure about closing the gap. Gap down was based on the earning downgrade, and those gaps often don’t close (well market can do all sort of crazy things)
But yes I agree with half the PE, it’s still overpriced. Even that would be for growth stocks which are delivering yoy and not those with earning downgrade.

Last edited by ProfessorBen: 12/02/20

BKL Price at posting: $74.60 Sentiment: None Disclosure: Not Held
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