Yes it was why stock fell on Tuesday
Obviously the expectation is they get CFDA
Once get CFDA the online is fine
Other channels could offset the loss of sales shoukd CFDA not be granted by end of calendar year
The demand for Australian baby formula isn’t going to stop because of this the consumer wants it and wants organic
Multiple assume no growth 25 and 22 if they hit conservative forecast
They are releasing a new premium formula mix with new branding and mkt on jan 1 2019
No CFDA by November will likely see share price weakness but until then probably trades flat until CFDA given
Bal always possible takeover target by corporate or Chinese company
CFDA/SAMR, page-102
-
- There are more pages in this discussion • 101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)