Hahaha who said the infant formula industry was dying, looks like the supernatural profits of Bellamy and A2M are attracting competition. Just like Blackmore's they are gonna fall flat on their face. They should just buy out BAL for $1 billion AUD, With BAL having $100 million in cash with an internal interest rate of 3.4% they would only need to shell out $30 million a year with $70 million in profits before tax leaving them with a clean $40 million profit before tax. Instead they will spend millions on advertising.
BAL Price at posting:
$7.74 Sentiment: Buy Disclosure: Held
