AD8 is arguably the leading / top quality business in the audio visual space being the global default standard and as we know the cream usually floats to the top. The $695m business holds a comforting $65m in cash and enjoys gross margins above 75% it certainly looks poised to go from strength to strength during the COVID re-opening period. However it’s important to remember that the market can recognise much of this – we like AD8 around $9 but we would question what was unfolding under the hood if the stock fell under $7.50. We recently bought AD8 in the Emerging Companies portfolio at $8.93 i.e. around current levels.
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Performance update for March, stocks that drove returns & our current positioning
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
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Market Matters Research Lead Shawn Hickman with David Koch
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
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MM likes AD8 around $9
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Video
WATCH
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Recorded Monday 25th March
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