BKL's Problems Run Deeper Than China!, page-8

lol year real great "growth stock"
2016 EPS $5.76
2017 EPS $3.40
2018 EPS $4.06
2019 EPS $3.09

FY20 first half forecast 'difficult trading conditions continue'
4 years later and EPS hasn't recovered, mainly because the profits were 'spiked up' by the Chinese market at full margins. This has proved to be unsustainable, and hence the drop back in earnings.

Yes Blackmores is a good underlying business.

But to be a profitable long term investment its not just the underlying business thats important its also the price paid for that business.
Overpay for the business, and doesn't matter the business is good or not you will still loose money on your investment.

Anyone who has held this stock from the start of 2016 has LOST money.