"In reality the real growth drivers are international and I really like the direction that they are heading internationally and the strategy will play off handsomely when properly executed over the coming years. This result is just a small bump in the road."
This is the right take on the ARB investment thesis, I feel.
There is a stark difference between near-sighted investors who continuously invest on the basis of anticipating "catalysts" in each 6-monthly financial result, as opposed to the way company executives operate their companies (i.e. making decisions that will have outworkings over timeframes a lot longer than just 130-odd business days).
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ARB Price at posting:
$38.88 Sentiment: None Disclosure: Held
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