Oils ain't oils and tyres ain't tyres. I suspect many tyre buyers are like me and are very brand conscious mostly due to experience with a particular brand. I am not even put off if there is a price rise as long as it appears reasonable in that market at the time. NTD are largely distributors but do have a retail operation. Their website is very informative and the brands do include both high end and cheaper discount brands. I do not think that they are hit too hard competitively - they do have scale and expertise on their side. I am inspired by their policy, goals and morality as set out on the website - I think we are in good hands and so do those who deal with their hierarchy on a more personal basis e.g. investment managers of the Collins Street Funds who are very impressed with them. I am now back in with a small parcel and will wait to see how things play out - but it is not management I am concerned about - it is market sentiment. The freight and forex costs will eventually be built into the price or they will ease and they have the scale to compete. Long term hold for me.
NTD Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
