I bought 13k shares at average $10.90 yesterday. Missed out the last time it was down there and wasn't going to miss out again. Easy money for the long term. I probably bought some of Alteregos shares as he got scared and sold on the way down. He may even have to end up buying back in at a higher price - ouch!
Very under priced compared to its peers based on FY17 forecasts. Whether its peers are overpriced or BAL is underpriced, there is minimal downside risk at current price. Particularly given A2M's recent confirmation of no slowdown. Given the high amount of shares shorted in BAL, the worst has passed. Any sniff of good news from here will see it go up faster than it normally would if it was less shorted.
BAL Price at posting:
$10.87 Sentiment: Buy Disclosure: Held
