"Reads to me like they could build another factory tomorrow and it will immediately be fully utilised."
As smarter investors than I have said, investment nirvana is to find a business, at a fair price, that can keep deploying incremental capital at superior rates of return. If this is true, and I fail to see how it couldn't be, then ARB certainly fits the bill. Build factories? By all means!
That's why it is so hard to sell ARB, as expensive as it looks. For if they can establish their brand in Europe and/or the US, and other markets, that has a modicum of the strength that it has in Australia, then they have an incredibly bright future.
I just have no idea about how likely this is. So, when in doubt, do nothing. I'm good at that.
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