DTGHF - Daimler Trucking: Plenty Of Returns Until Now But Still A 'Buy'

2024-06-13 10:19:55 ET

Summary

• Daimler Truck Holding saw a significant bounce in early 2024, with a 38% increase in value, outperforming the S&P500.
• The company remains a market leader in the trucking industry, with potential for growth in zero-emission vehicles.
• Daimler's valuation is attractive, with a price target of €45/share and a recommendation to buy.

Dear readers/followers,

First, we have a bit of a confession - I did not post an update after the massive bounce in early 2024 for this company. This would have been a relevant thing to do because I rotated a significant part of my invested position in Daimler Truck Holding AG ( OTCPK:DTRUY ) ( OTCPK:DTGHF ) when it was up almost 80% inclusive of the dividend in what I can only say was a very short time since my purchase. Even seeing the slight decline we've seen since this overreaction, the company is still up more than the S&P500, at close to 38%....

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