What is Happening to Bellamy’s Share Price?
Bellamy’s Australia [ASX:BAL] is a Tasmanian company. It’s key subsidiary, Bellamy’s Organic, produces and sells organic food for babies and toddlers. The share price is up over 130% since September last year.
Why Did This Happen to Bellamy’s Shares?
The share market is pricing in stronger earnings to come for the company. In February the company released it’s half-year results. They were excellent. The company was also added to the All Ordinaries Index in March.
What Now for Bellamy’s?
The potential market in China for its flagship product, baby formula, is huge. The trend of organic products is also very strong. The rising share price would indicate its expansion plans for both Australia and Asia is on track and set to deliver a considerable full year result.
It’s another reason not to be frightened away from investing in stocks. The economy is stronger than many realise. To see why, start here.
Editor, Markets and Money