Small Cap Stocks Down Under 18 November 2022: AMA Group (ASX:AMA)

Fewer companies have been more snake-bitten than AMA Group (ASX: AMA). The smash repairer has been hit by reduced business due to Covid lockdowns, lawsuits from its disgruntled ex-chief executive and operators of a company it had acquired, labour shortages, supply chain issues and inflation. These dramas have shown in the company’s share price – it is 80% lower than three years ago. Long-suffering shareholders appear to believe the worst is over, judging by the share price spike in the last month, and the company does too. That may be so, but we think it is too early to say it has turned a corner.