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The vitamin C effect: Blackmores to catch flu season boost

Simon Evans
Simon EvansSenior reporter

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Key Points

  • Morgan Stanley has a 12-month price target on Blackmores of $84.
  • A particularly nasty flu season may prove a plus for the company.
  • In hindsight, the company hired too many people during the boom times and is now having to strip put those extra costs.

A swarm of anxious shoppers buying vitamin C tablets and other health supplements to try to avoid getting the flu is providing a short-term bump for vitamins group Blackmores.

But it's not likely to be nearly enough to trigger a return to the euphoria of 2014 and 2015 when extraordinary demand from Chinese consumers, enamoured with big Australian vitamins brands and their ''clean and green'' image, fuelled a stratospheric jump in share the price to $220 by early 2016.

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/the-vitamin-c-effect-blackmores-to-catch-flu-season-boost-20190530-p51sqf