Fundamentally, BKL is overvalued at this price point. The annual...

Fundamentally, BKL is overvalued at this price point.
The annual report has no surprise at all, however, pushing the price from 140s to 160s. This recent correction is simply a return to mean.
It's asian growth can not justify its 35 times PE ratio, and its a risky play given the uncertainty sourrending emerging market economy, china, and trade.
I'm a long term BKL buyer, but given the current valuation, there are many attractive alternatives in the market.