VWAGY - Volkswagen: A Good Income Investment With Stability And Long-Term Upside Potential

2024-07-03 11:21:42 ET

Summary

• Volkswagen offers a mix of attractive ICE technologies and aggressive EV expansion plans, with a potential upside of 60-70% according to my PT of €210/share.
• I invested in Volkswagen at an attractive valuation over a year ago, owning preferred stock with generous dividends.
• Despite recent declines, I believe the market overreacted to the company's earnings potential and fundamental upside.

Dear readers/followers,

I started investing in Volkswagen (VLKAF) over a year ago at what I at that point considered to be an attractive valuation, though the company has unfortunately declined since that point. I own Volkswagen preferred stock both in my private and commercial portfolio. Inclusive of the generous 6-7%+ dividends, these investments are both in the green overall - but not without.

This has to do with the relatively significant decline we've seen in a very short time, and which I believe to be a significant overreaction to this company's earnings potential and fundamental upside....

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