We seem to be tethered to the AUD. Makes no sense as we are primarily an exporter, so all things being equal, our profits go up when the AUD goes down. However, the AUD also seems to be reflecting global economic sentiment, so maybe weakness is forecasting a worse business climate that would offset our currency tailwind.
We have some clues that business is still going well as a good portion of sales are to the everyday sunscreen crowd. Communication from the company still leaves much to be desired, as usual, but Lev is also in the market expressing his opinion on the matter.
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We seem to be tethered to the AUD. Makes no sense as we are...
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