Victorian 4wd accessory business has been a favourite of MM’s for a while but alas we’ve been too pedantic on entry levels and the runaway train has kept on powering higher. Yesterday as so often occurs for stocks making new highs the board upgraded earnings by ~7%, considering they report in only one month we would assume they’ve got a got a solid handle on the numbers! This business & stock has enjoyed a phenomenal year which looks like there’s more left in the tank but although we see them higher in the coming months the risk / reward isn’t exciting ~$45, especially with the latest upgrade now built into the share price valuation.
MM is bullish ARB targeting ~$50
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