FUJHF - Subaru: Superb Shareholder Return Updating For 2024 (Rating Downgrade)

2024-04-24 09:01:08 ET

Summary

• Subaru's stock has performed well, beating the market with close to double the upside of the S&P 500.
• The company's focus on slow EV adoption is seen as an advantage.
• Subaru's forecasts for fiscal year 2024 show expected growth in revenue and EBIT, particularly in the US market. I rate the company a "HOLD" at this time.

Dear readers/followers,

My picks, I have found, tend to pay off at some point in time. This can be years after publishing an article, and sometimes the reversal is far quicker than that - I call it reversal because my focus tends to be on undervalued companies, and as such, reversing to what I would consider more normalized upsides.

Subaru ( OTCPK:FUJHF ) ( OTCPK:FUJHY ) is one such company. When I last wrote about it during the fall, I managed to "time" my article fairly accurately in terms of the overall valuation, to where the current upside and TSR after the fact are close to double that of the S&P 500....

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