Q: hi, ATZ down 5% today on no news I can find online? a case of leaked earnings/corrupt insiders? appreciate your thoughts on this...
cheers, Chris
cheers, Chris
5i Research Answer:
There is likely some nervousness on earnings (Jan 10) considering recent past results. However, there was no company news. Bloomberg noted ATZ should beat consensus sales estimates, but a slight sales declines is still expected in the quarter. We think it has recovery potential, and was fairly strong in December. Still down 49% in a year, however, and we want to see inventory and debt lower.