A question to those shareholders who have been around a lot longer than me (recent owner less than a month ago), why is the share price decreasing?
Market screener analysts says an average target price of $5.20 (and trending downwards)
https://www.marketscreener.com/BWX-LTD-24885557/consensus/
Morningstar Quantitative says $5.25 (and trending upwards for the past month or so? Up from a low of $4.61 on 1/10/18 which is as far back as i can go)
Goldman Sachs on 20/9/18 says $5.60 as 12 month target price.
Recent global expansion, and went from pharmacy only selling to selling in Coles.
Recent failed takeover, and CEO and Finance Director stepping down.
Revenue, Net income, ROE, ROA look good. Long term debt decreasing.
It "appears" to be a very good buy right now, so why is the price on a downward slope?
Sentiment? Short selling? What gives?
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