My key takeaways for FY21 - reduce COGs by one third, trying to cut out >$1000 per wheel - continue to reduce SGA - refinanced debt which previously cost 10% to around 5% - fascia tech to be introduced which has significant efficiency, cost and working capital benefits - high barriers to entry reinforced; every time a new OEM comes onboard - the OEM has to invest significant time and money to onboard CBR, therefore unlikely to go to another manufacturer lightly
CBR Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
