BAL 0.00% $13.23 bellamy's australia limited

Why BAL is heading to $9.00 and then 10 and 11, page-123

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    It is undervalued, because when you take cash in hand into account circa $100 million as an $850 million company minus $90 million u get $760 million. So the P/E ratio is closer to 17 and decreasing. Assume 3% growth this year cash in hand is probably going to exceed $120 million. So yes very much undervalued. 
 
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Currently unlisted public company.

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