8% drop in RPM's wheel and tyre gross margins make NTD's performance on margins look great. I wonder if it is reflective of the relative quality of each business or a timing issue and NTD might be facing more compression. They have said they are expecting improvements, the exchange rate improvement has seemed to stall and manufacturing inputs also haven't moderated a lot, shipping expenses seem to have come down but can we say they're cheap?
I wonder if the bullwhip will crack and manufacturers are going to force inventory down distributors throats into average/below-average consumer demand.
Does anyone know of any other listed tyre and wheel businesses? NTD and RPM's retail-heavy division are the only two I know of. Any international listings?
8% drop in RPM's wheel and tyre gross margins make NTD's...
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