Market overreaction

The announcement in a nutshell:

- First half sales forecast fell from $120m to $115-$120m.

- Full year sales expectations from $240m down to $220-240m
(Analysts forecasted ~$360m)

- Margins down from 45.7% to 39-40% in the first half, 32-34% in the second half.

- EBIT down from $54m to $22-$26m

- New acting CEO.

Right now Bellamy is worth 1/3 of the $1.5bn seen not too long ago.

Is BAL oversold?
IMO Yes

I personally love when a market panics like this, as it allows me to enter into the stock at a crazy price. An open of $3.85 was just insane.
I traded for 20% gain and I also have a mid-sized parcel on close. The stock looks too good at this price when you remove all personal and market emotion and just look at the facts.