Blackmores a hard stock to swallow

A flat profit line and a declining return on equity puts Blackmores off the growth list.

Key take-out: Lower reported profits on a higher shareholders’ equity base have resulted in a steady decline in normalised return on equity.

The recent reporting season gives all of us an opportunity to review individual company financial performance based on real information. A critical opportunity thus presents to reassess my view and valuation of Blackmores Limited (ASX: BKL).

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