Lastly Austal Ltd (ASB) which is a new one for subscribers in 2021, this leading local defence contractor is a globally recognized commercial and defence shipbuilder with its main facility in Alabama. This is a strong business with ~$300m cash on its balance sheet positioning it strongly for future growth assuming nobody takes a fancy to it of course. Since halving in value, we feel the stocks simply gone too far with its sustainable 3.2% yield which is not to be sniffed at.
MM now likes ASB into current weakness
Add To Hit List
