Ann: Market update, page-9

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bbbear1

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25/05/21

10:21

Post #: 53392520
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Originally posted by ralphwiggum1: ↑

Incredibly frustrating. But the Mustang factory has been closed for a few weeks now and is set to remain closed for the most of June.

The Corvette factory is also closed and looks set to remain closed for another few weeks - so don't expect the Z06 wheel contract announcement imminently.

Still unsure on who the SUV customer is - but still guessing Land Rover (for the all-new SVR range).

If it wasn't for Covid, I think CBR would really be hitting it's straps right about now. But all of this is outside of CBR's hands and the fundamentals of the company have not changed. I have used this last year to top-up my holding by more than 50%, and my average price is now in the high $1.XXs, so I am fairly happy. If these external issues continue to drive the stock lower, I am happy to continue accumulating.

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Totally agree RW. Fundamentals are clear for this business in my view.

I work in supply chain and the post-COVID mobilisation has been tough. The on-off elasticity just isn't there now that we are a global supply chain and this has clearly been felt in all industries. Not to mention COVID shutdowns - which are still occurring, albeit they are now being much better risk managed than before.

This is a great Aussie success story. Unfortunately bad news with good businesses provide great opportunities. I picked up another parcel today.

CBR Price at posting: $1.36 Sentiment: Buy Disclosure: Held
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Ann: Market update, page-9

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