The consensus underlying NPAT was 18M,Bal came in at 16.5M,so a minimal miss. Guidance in my mind will be way out for H2,considering Jan/Feb sales were almost zero.
I cant believe after 15 months,Cohen has had no talks with China about SAMR,if he has,hes hiding it.Vietnam sales did not crack a mention,so obviously nothing of note there.
There may have been mass short covering today,not out of fear,H1 was their target,so most would be out.Any rally between now and H2,will be hit by the shorts again,i hope.
BAL Price at posting:
$8.09 Sentiment: None Disclosure: Not Held
