Company high debt unable to move up with market uptrend . This is the problem with all central banks keeping interest rates low - borrow extensively to expand and no financial prudence .
The price of used cars and trucks in the United States jumped 10% over the previous month in April — the biggest increase since 1953, according to the Bureau of Labor Statistics. Prices were up 21% compared with a year earlier, making used cars the primary driver of April's surge in US consumer prices.
"Demand continues to exceed supply for new vehicles and we expect this to continue through 2021, in part due to the production disruption," Mike Jackson, the CEO of AutoNation (AN), one of America's biggest car dealers, said on an earnings call with analysts in April.
"More important though, interest rates and consumer preference for vehicle ownership versus ride share and public transportation are supporting demand," he added. "Americans want individual transportation."
The trend now is individual transportation. More oil consumption. Contributing to high oil price.
Armada management team working hard to trim down the debts. The positive cash flow from operation is more than reported profits. Don't compare Armada with Serba Dynamik.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
winmal
1,128 posts
Posted by winmal > 2021-06-09 08:13 | Report Abuse
Armada poised to rebound back to RM 1 soon end this year if company can achieve and maintain his company performance.