Thanks Wuey72. I have no idea what price BAL sells to Coles or the wholesalers that provides to Pharmacies and the likes... yes, the price could be higher than $15 per tin.
But everyone must remember.. this is potential Additional Revenue to what they have already with Bega Cheese. There are still a lot of capacity with Fonterra being the 4h largest in the world!!
Anyone who bought shares when there was a LOT OF FEAR yesterday would have made profits today. Congratulations on your nerves of steel. It is very hard to pick the absolute bottom but any entry at yesterday afternoon's price is considered low. So Congratulations again - you are in the green.
For those who sold and lost money - Remember your fundamentals.
For those who bought ages ago, sold and made profit - very good. Profit is profit and had the foresight to buy long time ago.
BAL Price at posting:
$10.77 Sentiment: Buy Disclosure: Held