2024-02-09 04:54:38 ET
Summary
- BMW's recent financials show strong performance, with increased vehicle deliveries and positive trends in all segments.
- The company follows an attractive shareholder return policy, including dividend payouts and share buybacks.
- Potential challenges and uncertainties, such as sanctions on Russian aluminum, could impact BMW's profitability and valuation.
- I believe the European automotive market is facing one of its most severe crises, with an escalating risk from China.
- Despite BMW's cheap valuation, I have a 'Neutral' rating on the stock today. The unfolding developments in the future will undoubtedly be intriguing to observe.
My Thesis
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BMW Stock Looks Cheap, But The Russian Aluminum Ban Is A Real Risk