Good assessment, although i would like to see evidence of the 'heavy discounting' you mention?
You may have noticed locally that the lowest price for stage 3 was $24 at Coles, go back 6 months and this was $21. So in fact, the average selling price of Bellamy's formula has actually increased over the last 6 months and substantially over the last 12 months. Go back 12 months and stage 3 was around $18.
BAL Price at posting:
$10.99 Sentiment: Buy Disclosure: Held