ARKQ: No Need To Rush For Your Buys (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• I believe ARK do good company research. But investors can best benefit from it if they take ownership of the macro considerations and invest only in favorable environments.
• Global capex spending may recover more slowly and this is a bigger trigger for fundamental bullishness on ARKQ.
• I am watching the monthly PMIs in major economies to ascertain readiness for large scale capex spends.
• Technical analysis suggests that a bottom may be hit, but it would still take some time for meaningful price appreciation. To maximize IRR, it would be more prudent to invest elsewhere and reconsider ARKQ in a few months' time.

Read the full article here.