BKL rallied +2.5% yesterday but the trend remains down to neutral at best and in today’s environment where investors have zero appetite for paying for potential growth, it’s still hard to find any compelling reason to buy BKL at this point in time. The company has been successfully expanding into Asia with more than half of the company’s sales now from the region, if they can maintain this and the stock’s valuation comes down to more reasonable levels it may be interesting later in the year.
MM is neutral BKL
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