Market doesn't like uncertainty. Removing IF from their business would create certainty. Re-rating of the stock would see it move back up. I don't think it was a coincidence that once poor IF sales for BKL came in, the SP began its decline. I still hold BKL in my super but feel like it is going to be a long haul back towards $150. IMO.
BKL Price at posting:
$115.77 Sentiment: Hold Disclosure: Held