I think Trumps presidency is weighing on the company. Expect some overt corruption for contracts which to my mind means all US contracts ASB has won are now up for grabs in states with strong political support for Trump, particularly Florida. I can easily see ASB losing the OPC back to Eastern despite them not being able to get their OPCs working.
the other threat I see is if the Liberals get in here in the next election. They are also happy to ignore contracts in favour of decals that will support their own politicians after their career (ask the French of you don’t believe me).
I still think ASB is value without OPC or if we lose some Australian expected contracts but clearly not the same value.
ASB Price at posting:
$2.98 Sentiment: Hold Disclosure: Held
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