Saw an article on SMH today: "Frustrated motorists are flooding local councils with thousands of reports of potholes, which are damaging cars".
While the flooding is an unfortunate disaster that we all hope will never happen again, it has caused many potholes across the Eastern States that will take a long time to fix. In the meantime, the potholes are causing a lot of punctures in NSW and South East Queensland, resulting in hot demand for tyres and a record amount of repairs.
As RPM specialises in mechanical repair, roadside assistance, and especially tyre sale and fitment services, surely this bodes well for its business. The RPM Group has a national footprint with representation in all states and territories in Australia, which is primed to take advantage of the increased demand.
Looking forward to further guidance upgrades. Note this is my opinion so please do your own research.
RPM Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
