My point is retail people getting excited because a hedge fund bought in and the shares are now going up doesn't mean they are now a good buy.
If you buy then you need to consider all the risks and the valuation you think the company is worth. Assuming you can guess the earnings.
I haven't bought because to hard to guess the earnings.
I am watching closely to potentially enter because I do believe the brand has value and I do believe the new mgnt will turn the business around and I do believe the oversupply of baby formula in china and globally like all commodities will work itself through the system as it always does ie coal iron ore now oil slowly and vitamins
Just be careful following other investors buy because you have done your research and you won't to own the shares
BAL Price at posting:
$4.23 Sentiment: None Disclosure: Not Held