The warning from this $2.5b company should worry all investors
Reliance Worldwide’s plunging share price shows investors have a lot to worry about: falling demand, rising inflation, increasing debt costs and even COVID.
Reliance Worldwide, the $2.5 billion manufacturer of plumbing supplies, might not be the first ASX-listed company that comes to mind when investors are looking for a bellwether stock.
But if you’re looking for a window into how the real economy is tracking in Australia, the United States and Britain, then it fits the bill nicely.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
