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BKL Bad News Looming???, page-93

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JoeGambler

1,236 Posts.

114

15/06/17

18:49

Post #: 25301778
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Originally posted by Barney07 ↑

Great analysis - and I concur, though based on 10 year historicals and EPS weighting between 1st and 2nd half of FY's I have an EPS estimate around $3.17 for FY17, which lowers my 10% figure into the low $60's. However - historical data should only ever be a guide. With all the doom and gloom being promoted, it should be noted their 1/2 year results were their second best since 2004 (as far back as I went). I bought progressively down from $124 to $105 and though I'm running at a 22% loss, I'm not losing sleep. This is a buy and hold style company (within reason of course). Poor sentiment (along with shorters) can be a hard road to journey on - and Mr Market is manic by nature. From a diversification point of view I already hold a sizable portion, so won't buy any more, but if that wasn't the case, I would progressively be taking a position

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Thanks Barney, yeh absolutely weak sentiment. Is it simply destocking and some bad luck with regulatory changes, or something more seriously structural?

Needs time to play out to demostrate a path back to 'growth'.

Hmm your eps assumption is a worry! Can you break that down?

BKL Price at posting: $87.90 Sentiment: Hold Disclosure: Held
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0 Great analysis

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