Very interesting indeed. Been lots of positives, including the stronger balance sheet and restructure of debt, but the company SP is basically flat over the past two and a half years (taking out the 1:10 consolidation).
Been range-bound over last few months, the company did re-affirm full year guidance, and 1H10 -> 1H11 EPS went from 7.1 to 16.1. Given FY10 EPS was 18.5, is difficult to understand why there hasn't been some kind of movement. Most recent high $5.01 imo is likely if full year result hit or exceed guidance....should at a minimum create a stronger floor then $2.80.
BLY Price at posting:
$3.67 Sentiment: Hold Disclosure: Held
