Business
Should you buy the dip in the a2 Milk (ASX:A2M) share price? – Motley Fool Australia
After slumping 11.4% lower on Monday, is the A2 Milk Company Ltd (ASX: A2M) share price one of the best buys on the market?
The A2 Milk Company Ltd (ASX: A2M) share price was hammered on Monday, but I think there could be a chance to buy.
Why was the a2 Milk share price hammered?
Shares in the Kiwi dairy group fell 11.4% lower to $15.20 per share by Monday’s close. That came on the back of an earnings update which flagged a weaker outlook for FY21.
a2 said that disruption to its lucrative ‘daigou’ channel is starting to hit the company’s earnings figures. That’s especially the case with the ongoing coronavirus res…
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