CPU actually looks fairly similar to the totally unrelated KAR from a chart perspective having fallen -9.54% in 2023 but that’s where the comparison should end. The company keeps delivering but it’s a business model MM is wary of believing it’s open to disruption in the years ahead – not a rewarding view since Covid!
- We can see CPU correcting another 5-10% where we believe value would clearly reappear for fans of the business/stock.
MM is neutral towards CPU
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