All of above, look HY report was pretty average and sp still bounced back straight away from low.I think with new formula and food products plus an aggressive marketing campaign Bellamys will start penetrating massive chinese market and if they do revenue will soar sooner than what we think. I think management were conservative with forecast. They also have another two formulas coming out this year (STEP 4 and PREGNANCY) and a really premium formula coming out (next year/end of year) that will knock all competition out.
BAL Price at posting:
$8.86 Sentiment: Buy Disclosure: Held