Q: Any idea for the very nice bounce today? How are they doing with their overstock concerns?
5i Research Answer:
Markets had a very solid week and many stocks bounced nicely. There was no news on ATZ, but trading volume tripled, which helps confirm the move a bit. Bloomberg did post a article on how the company expects to double digital sales by 2027. ATZ does not report its next quarter for sometime, and has not really commented on inventory since the last release. But....from our discussions with contacts we understand inventories are at least not getting worse.