CSR had a shocking May after a couple of brokers downgraded the building products stock following its report although it did trade ex-dividend 18c fully franked. This is another company under pressure on more than one front, we are seeing construction slow down at a breakneck pace while energy costs weigh on the manufacturer’s margins. MM are now concerned these headwinds will hinder CSR through 2022/23 and we are looking for an optimum level to sell/switch our position. US building stocks had a very tough night in the US.
MM is looking for an area to exit CSR
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