Motor vehicle accessory company ARB caught our eye yesterday as it opened firm and continued to rally throughout the day to finally close up +3.4%. The company delivered strong profit & sales growth in February and we feel the markets just starting to realise that after a 34% correction the stocks good value – for the half year revenue grew 26.5% to $359mn while its profit before tax is up 27.6% to $92mn.
MM is bullish ARB from around $42
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