"U.S. President Joe Biden on Wednesday will convene a virtual roundtable with producers of infant formula to get updates on the industry's efforts to ramp up supplies to address a national shortage.. The manufacturers at the roundtable include ByHeart, Bubs Australia (BUB) , Reckitt Benckiser Group RKT.L , Perrigo Company PRGO.N and Nestle SA's NESN.S Gerber, according to the White House."
So BUB literally has a seat at the table with the President of the United States of America. Unbelievable really. Just look at the other names on that list. Get ready for the US buying - newsflow and absorbtion of it takes time.
Regards the retrace - T plus 2 now done and dusted. Reality is nobody knows which way it goes tomorrow or the day after but I personally am happy to just have a seat at the table.
BUB Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
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