2024-03-27 10:10:57 ET
Summary
- Aston Martin's financial situation is a concern, with increasing debt and significant operating losses.
- The company recently completed a £1.15 billion refinancing, but the high-cost loans and exchange rate risks are worrisome.
- The appointment of a new CEO marks the fourth change in leadership in as many years, raising concerns about stability and long-term strategy.
Aston Martin ( AMGDF ) is a storied carmaker but has been a disaster for many stock investors since its 2018 listing (bondholders have done well). Its cars are lovely, but for now its finances attract me less....
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Aston Martin: I'd Buy The Car Over The Shares (Rating Downgrade)