What is Happening to the Blackmores Share Price?

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What Does Blackmores Do?

Blackmores Limited [ASX:BKL] is a natural healthcare company that develops, sells and markets such products as vitamins and herbal supplements. It operates in 14 countries and has revenues circa $450m.

What’s Happening to the Blackmores Share Price?

Here is a weekly chart of the stock…
Blackmores ASX BKL
Source: STEX

As you can see the stock has gone on a prodigious run since the beginning of the year. According to a recent analyst presentation, the company had a record third quarter performance, with profit up 125%.

What Now for Blackmores?

The company is expecting a record result to come at the end of the financial year. It has continued expansion plans in Asia to grow the company and maintain its strong performance.

It’s certainly testament to the fact that there are plenty of profitable opportunities to be found in stocks, despite some doomsayers suggesting otherwise. For more on why that is, go here .

Callum Newman
Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.

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