Sydney based JHX continues to expand its product offering into the US, a market its very successfully navigated since the GFC, they are even lifting margins in their North American business. The only issue is how much good news / optimism is built into the stocks strong advance since March 2020. At this stage we are keen buyers of a pullback under $40, ideally closer to the lows of last month.
MM likes JHX around $36
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