Having thought I had missed the boat with buying into ARB I was quite excited about Brexit maybe giving me the opportunity to finally buy in. Anyway what a disappointment it turned out to be, not sure if its a reflection of the quality of the company or the type of shareholder that holds the company (I also had orders in for REH, CSL, BAP) but Brexit had little effect on any of the 4 companies. Note: BAP isn't in the quality of the other 3 but I'm hoping it does reach those lofty heights.
I'm no good at identifying SP targets, entry points, exit points, expensive or cheap. What's more important to me is, is ARB fully valued at this price?
Maybe the type of shareholder that holds ARB can help me out?
After witnessing the dominant market share it holds within Australia, the thought of their growth prospects in America with the Americans "everything has to be bigger and better" mentality when it comes to their toys makes me think there is plenty of growth left in ARB.
Does that make it a case of just buying into ARB now?
Warrigals
ARB Price at posting:
$16.57 Sentiment: Buy Disclosure: Not Held
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