MM view on ALU

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Question asked 18/06/2021

MM view on ALU

Hi James, ALU had a pullback today, is it the result of the proposed Investor session on Friday. Is this session an effort to draw out a larger bid or is it an indication of Management’s reluctance to sell. I would appreciate your views. Regards Jeff.

Answer

Hi Jeff,

I listened to call from ALU management on Friday and I liked what I heard, clearly the market did too with the stock up over +3% on Friday, we still anticipate further M&A activity potentially taking the stock well over $40. NB MM remains long ALU in our Flagship Growth portfolio.

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Altium (ALU)

LAST UPDATED 18/06/2021 20:39

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