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13.0¢ bubs australia limited

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AceHomer

74 Posts.

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21/05/22

09:31

Post #: 61537047
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Originally posted by learned_one: ↑

While I sympathise with your sentiments, AceHomer, the situation for infant formula regulation and supply in the United States is complex and would not allow for easy dumping of product. For a start there are import tariffs ranging up to 17.5%. Second, there is something called the Federal "Women, Infants, and Children (WIC) program". This program has restrictive rules which limit new mothers to buying formula from sole-source contractors in the various states, which manage the WIC. In addition, there is a fair bit of skullduggery at the State level, so that suppliers create state-sanctioned monopolies by offering kick-backs to State governments (and maybe officials?). Finally, paediatricians in the US are not above recommending particular brands of infant formula to new mothers, especially when those brands might offer generous "educational incentives" to the paediatrician. As a result, WIC makes up about half of the U.S. formula market, and Abbott and Mead Johnson have program contracts covering 87% of infants. I'm in the health industry, so I know how it works. Like I said, not so easy!

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...bummer

BUB Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
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Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $115.9M

Open	High	Low	Value	Volume
13.0¢	13.0¢	12.5¢	$150.2K	1.156M

Buyers (Bids)

No.	Vol.	Price($)
66	3176510	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	490028	5

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No.	Vol.	Price($)
66	3176510	0.125
55	4593015	0.120
28	1825095	0.115
27	985367	0.110
12	265272	0.105

Price($)	Vol.	No.
0.130	490028	5
0.135	990337	14
0.140	1092982	31
0.145	1420229	16
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