I too am very patient. The problem is, the consensus view is that ARB is wonderful and can do no wrong. I generally start feeling uncomfortable when i agree with the consensus, especially when that consensus is pushing up the price of my dearly held asset.
The other thing that makes me uneasy is that i believe that moats almost never travel well. Without a moat, ARB is nothing (if you'll forgive the melodramatic tone). So if the current price is predicated on export success (if), then I'm not comfortable.
On the bright side, the WA headwind, as sure as night follows day, will one day become a tailwind.
ARB Price at posting:
$15.65 Sentiment: Hold Disclosure: Held
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