BMWYY - BMW: Positive Update For German Auto Manufacturer

2024-06-11 16:57:49 ET

Summary

• BMW has outperformed the S&P 500 with a 48% total return since my last article, and I've remained at a "BUY" stance for the company.
• BMW remains a strong investment with solid profitability and growth in BEV sales. Q1 2024 was no different, and I see strong potential in the company.
• Upside potential for BMW with a PT of €115/share and a 17-25% annual return forecasted.

Dear readers/followers,

In my last article on BMW, which was now over two years ago, I covered BMW ( BMWYY ) with a "LONG" position in the company. I have maintained my long position, albeit with a reduced allocation compared to what I once owned in the company.

Now, I regret not taking a more significant stake in this great car company, given the results we've been seeing. The company has very significantly outperformed the S&P 500, with a total return of 48% compared to the S&P which is up just under 30% since my last article....

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