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ARB Corp (ARB) $51.97

4-WD accessories business ARB has clearly enjoyed a stellar run post COVID as Australians looked for places to spend their discretionary cash which courtesy of COVID could no longer go towards the likes of dining out and overseas holidays, instead it’s been directed to specking up the 4wd!

The latest trading update implied ongoing growth but at MM we are wary of chasing the stock which is arguably priced for more of the last few years, a big ask in our opinion i.e. MM doesn’t find the risk / reward attractive above $50.

ARB
MM likes ARB closer to $40
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ARB Corp (ARB)
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