Are Austal shares good value?
We recently reviewed Austal (ASX:ASB) after a sell-down in the shares placed ASB in ‘value’ territory. While there were valid reasons for the weakness, we wanted to examine these further, as well as assess whether there were any positive catalysts. The recent weakness in the share price was attributed to market concerns about: i) ASB’s ability to replenish its shipbuilding pipeline, ii) The ongoing investigation by US regulatory authorities and iii) Whether the Company can maintain earnings (EBIT) guidance in …
