Daimler (DDAIF) (DMLRY) looks to be headed for a torrid FY2019. Inventory backlog, weakening margins and high leverage all point to liquidity issues at present. With its financial troubles mounting, a dividend cut seems almost inevitable in the near term.
Even though a fair bit of negative news flow is already priced in, I think investors could be set for much more, thus, I would not be bottom fishing in Daimler shares anytime soon. I would, however, be monitoring the upcoming dividend announcement very closely.
For now, I do not have sufficient conviction