Bellamy's (BAL) - Switzer Report

Bellamy’s (BAL)

05 January 2016

Paul Rickard

I bought into BAL 2 months ago at $10 each, with a PE around 150! What a roller coaster. I’d like your opinion please on the stock.

A: Bellamy’s (BAL) has been an outstanding performer. I note that Morgans recently lifted its target price from $8.70 to $13.90 – apart from that, can’t find anything else responsible for its latest run up.

While I would be inclined to take a little off the table, it might just be one of those stocks that you hang onto for the ride.

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Bellamy’s (BAL)

"I share market commentary on TV, radio, and on Switzer Daily, but for Subscribers I tell them EXACTLY how I’m investing my money, and I hold nothing back!"

Switzer Super Report

Australia's leading newsletter and website for trustees and members of self-managed super funds

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"I share market commentary on TV, radio, and on
Switzer Daily, but for Subscribers I tell them
EXACTLY how I’m investing my money, and I hold nothing back!"

Australia's leading newsletter and website for trustees
and members of self-managed super funds