They have said that they will expand into the panel arm once all of the consolidation dust settles. The bullbar play is a good established business with years of historical earnings, etc. The panel industry is going through a major consolidation with estimates of at least a 50% reduction in operators over the next few years. The Australian market is following the USA and approx 5 years behind. I believe Mr Gloss are in a great position. In Victoria, AAMI have just recently announced a furthur reduction in shop numbers. I think from about 160 down to about 60 effective from next April. The Mr Gloss shops should not be affected by this and may even prosper.
AMA Price at posting:
37.5¢ Sentiment: None Disclosure: Held
