ARB have already received 2 broker downgrades this year which has seen the stock come well off its highs, a simple case of time to take profit after the stocks rallied 5-fold post COVID – the concerns were centred around margin compression and growth moving forward. MM likes this motor vehicle accessories company but its not cheap and I can see why some investors are taking profits, especially above the $50 area, a deeper pullback towards $40 will be interesting.
MM likes into further weakness
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