Sentiment is a funny thing. I recall in January last year people were calling to BHP to $6 and that buying at $14 was very risky. It then rebounded 80% to $26.
If you're long, unless you really need the cash, there's no point selling out now. In 2 years the Chinese product dumping will have finished and management will have had time to work out a more sustainable growth strategy.
Long term, the demand for IF is there and with some well thought-out inventory planning and marketing BAL will form a decent part of the IF product future.
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I see BAL lower, page-24
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