BYMOF News and Press, Bayerische Motornwrke Pfd From 02/06/23

Summary Docebo is an enterprise SaaS company that delivers learning management systems for corporations. The corporate learning solutions market has a long runway of high, greenfield growth. Docebo's strong execution DNA gives it a competitive advantage. Docebo is led by a found...

Summary Tesla, Inc.’s Full Self-Driving capability is not really self-driving and unique. Mercedes-Benz Group AG’s Drive Pilot is much more advanced than the Tesla’s version. Mercedes’ valuation is attractive given its technologic advancements and financi...

Summary Stellantis is a combination of Italian Fiat and French PSA. The Group has double-digit market share in over 12 countries. We see headwinds derived from a deterioration in market conditions and a stagnation of sales in Europe and North America. Positives include a strong EV o...

Summary Tesla, Inc. reported its Q4 results and beat profit estimates. There were major negatives, however: deliveries, margins, and cash flows. Tesla has rallied off recent lows and does not look especially attractive as it is battling some operational headwinds. ...

Summary Tesla, Inc. stock has corrected substantially but is still expensive. The net profit margin should decrease due to car price caps. Many large automakers have been producing electric vehicles for a while. So, Tesla has strong competition here. Bubbles have burst in histor...

Summary KARS provides diverse exposure to the entire EV value chain without overweight exposure to Tesla. I believe it is poised to do well, driven by: Increasing demand for EVs as total cost of ownership falls. Younger generations are more sustainability-conscious. Strong EV sa...

Summary BMW unveiled some impressive gains on its battery tech alongside the unveiling of its ‘Neue Klasse’ architecture. While the commitment to EVs will entail elevated capex requirements, there’s more than enough balance sheet capacity to maintain the outsized ca...

Summary Pacer Global Cash Cows Dividend ETF holds 100 large cap dividend stocks in developed countries. GCOW is a well-balanced fund across countries and sectors. Yield, valuation, and dividend growth are attractive. Returns since 2016 are underwhelming, but the GCOW ETF has out...

Summary Ferrari is an independent luxury car-maker, which is due to release the Purosangue, a rival to the Urus. The Luxury car market is due to grow at over 10% into 2031, with Ferrari primed to exceed this. The company is very profitable and performs well against the traditional a...

Summary Vltava Fund SICAV, Plc is a global equity investment fund launched in 2004. The Fund is dedicated to qualified investors. Global stock markets and the US S&P 500 index fell but our portfolio performed significantly better. Macro forecasts have such enormous dispersion th...