This stock has been punished lately due to its exposure to the rising AUD. Part of its revenue comes from the export of 4x4 components to the US.
Otherwise the company is very sound-history of increasing revenue and profits. There are a lot of 4 wheel drivers in Aust looking to buy ad on components-(Old man Emu) bull bars, roof racks etc.
Anticipate a re-rating back to $4.00+ if AUD falls further.
This stock has been punished lately due to its exposure to the...
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