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BAL bellamy's australia limited

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Excellent Summary, thats why I loaded up the truck at the open...

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PatienceToWin

13,378 Posts.

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12/01/17

03:52

Post #: 21835487
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Originally posted by demoniaco ↑

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.

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Excellent Summary, thats why I loaded up the truck at the open $3.85, I can see the SP recovering back to over $10 within 12 months. All this has done is given those investors who missed the boat the first time a second chance to buy shares cheap in a company that will grow big time in future years.

BAL Price at posting: $5.35 Sentiment: Buy Disclosure: Held
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Excellent Summary, thats why I loaded up the truck at the open...

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