Printed circuit board design software provider ALU traded ex-dividend 25c part franked yesterday yet it still managed to rally 47c outperforming the overall market in the process. We remain bullish even after the company’s average earnings report last month i.e. a slight miss but nothing overly concerning although we are cognisant that the stock trades on a high valuation.
- Our initial target for ALU is $42 where we will likely trim our large 5% position.
MM remains bullish and long ALU
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