They don't have to tell you what the market already knows. Trump is planning to build more commercial shipping in the US, and plans to have a big port fee if your cargo carrying ship is not built in the US. So wages are probably going up, as Austal will have to fight to retain key tradies, if this comes to pass. Also there are tariffs on imported Al and Steel now, and prices will be higher for those materials. How well do the contracts cover these issues? How affordable are these grand naval plans now? Further - Trump has mentioned wanting a detente with China (and Russia - which was BS) to reduce military spending.
So things have been perfect up until a week ago! Market just hadn't digested the news.
ASB Price at posting:
$3.71 Sentiment: None Disclosure: Not Held
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