JBH has been a star performer over the last 2-years although its only rallied 22% over the last 6-months and keeps failing to break clear of the low $50 resistance area. The company delivered strong sales for the first half of this financial year with online sales up more than 160% offsetting much of damage caused by store closures during COVID. However, with the stock still hovering just above $50 it feels like these record sales were no surprise to investors making me think of “buy on rumour & sell on fact” hence we like the stock but wouldn’t be chasing at current levels, just yet at least.
MM likes JBH under $50.
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