That makes no sense . This latest disaster has nothing to do with Jan 2017 and the problems BAL were facing then . In fact BAL made a proactive step to make sure the problems that plagued them then , do not happen going forward. One of the major concerns was control of their inventory. The new direction , buying a canning facility , paying out contracts for packing was indeed sound. This was supported by the market , with the SP reaching mid $7 . The fact that this new direction has gone pear shaped is indeed concerning , and needs to be rectified asap . I certainly agree that the new failure indicates a certain missive in the BOD and that is a major concern. Can they get it right ? Don't know .
BAL Price at posting:
$6.74 Sentiment: Hold Disclosure: Held