Its Over, page-23423

Just 5 years ago Austal (ASB) was trading at its all time high, which I remembered was a recommended stock of small cap newsletters.
5 years later, its stock is down -44pc as it struggles to redeem itself , having just paid $35m in plea deal penalty to avert fraud criminal investigation in the US allegedly manipulating financial information in relation to a defence contract there.

This is why I have zero trust in any defence related stocks and the people behind them. That includes both EOS and DRO which have imploded.

The nature of defence contracts is that they are rarely ‘clean’ - GOP politicians thrive on them, now the Dems have joined too.