I have come to the conclusion (very slowly by the way) that ARB to me, is fully priced at the moment. While future growth in overseas operations and earnings is very attractive to me the rising costs of not only materials but nearly every other expense tempers my enthusiasm.
I have no doubt I will one day be talking about ARB getting away from me and I will be putting it in my sad story book along side RHC (thought it was fully priced at $15 years ago).
Mars/Adam/All, one last question.
In ARB's accounts there are several "others" listed. Other income (prepayments) is in the notes but Other expenses isn't, I would have thought a substantial figure ($12M) would deserve some detail. Maybe it is staring me in the face but any thoughts on this figure?
Warrigals
ARB Price at posting:
$16.87 Sentiment: Buy Disclosure: Not Held
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