I know, consensus EPS is 0.65c according to Thomson Reuters....

I know, consensus EPS is 0.65c according to Thomson Reuters. They are obviously on track for that (or within 10%), otherwise we might should have heard something. So even taking an EPS number 10% below consensus, BAL is trading on a forward PE of 18.6! If you take an optimistic 5% above consensus, it's 16.1!

So my questions is what is the compelling reason to short BAL ?

Over valued? No - very low PEG / forward PE well below others
Over leveraged? No debt & plenty of cash
Excessive acquisitions? No
Over promoted? No
Supply?
China consumer demand?