I suspect ARB spends about 15 minutes updating the shareholder letter in the beginning of the annual report each year. 30 minutes at most! Update a few numbers, a few charts, leave the commentary roughly the same, change the names of the new products introduced during the year and the number of stores opened, and most importantly, leave the cautionary remarks about the tough market in the final paragraph and it's done!
Happy to see ARB going sideways for a year or two, or even better, drop a bit more so that opportunity to top up can present itself.
ARB Price at posting:
$20.61 Sentiment: Hold Disclosure: Held
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