VLEEF - Valeo: The Best Way To Invest In The New Electric Car Era
Is it time? The market is struggling, many signals are screaming SELL and the volatility has increased in the last few months.
However, for value investors, with a long-term view, this can be the best time to initiate a position in good companies.
During the last few months we have watched the sell-off of the auto parts industry. Auto manufacturing rates keep decelerating in the EU and China due to the new world-harmonized light-vehicle test procedures (WLTP).
The tax Imposed by the WLTP created slower demand, which led to lower revenue and margin guidance