They have announced higher spending on automation and other inhouse technology to reduce costs. I suspect previous investors were burnt badly from earlier poor management decisions and are gun-shy. As they have an incredibly strong balance sheet CAA could buy market share cheap when the downturn eventuates. If an economic downturn eventuates I think this company is actually in a strong position to export if the AUD falls as well. Time will tell. DYOR
CAA Price at posting:
14.5¢ Sentiment: None Disclosure: Held
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