TH
Thuli N.@thuli_dd·Bullish
been digging through the CMH financials and the vehicle sales numbers are pretty grim, margin compression is real with all the discounting happening across the sector. dealers like Optimal and Westlake both getting hammered same way so it's not unique to them but the question is whether they can cut costs fast enough before the credit cycle gets worse. holding at R37.51 feels like you're betting on a recovery that might take 2-3 years minimum, maybe longer if interest rates stay high.