VLKPF - Porsche Automobil: A Luxury Investment At Economy Prices
2024-03-08 08:15:54 ET
Summary
- Porsche Automobil Holding SE is trading at a significant discount, with a market cap of $16 billion compared to its estimated value of $27 billion.
- The company's stake in Volkswagen AG, its most important asset, also appears significantly undervalued.
- Volkswagen and Porsche face risks from their debt loads and exposure to the Chinese market, among other risks, but remain profitable and have credible strategies for the EV transition.
Porsche Automobil: A Luxury Investment At Economy PricesThe best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table. - Warren Buffett