2024-06-13 10:19:55 ET
Summary
- Daimler Truck Holding saw a significant bounce in early 2024, with a 38% increase in value, outperforming the S&P500.
- The company remains a market leader in the trucking industry, with potential for growth in zero-emission vehicles.
- Daimler's valuation is attractive, with a price target of €45/share and a recommendation to buy.
Dear readers/followers,
First, we have a bit of a confession - I did not post an update after the massive bounce in early 2024 for this company. This would have been a relevant thing to do because I rotated a significant part of my invested position in Daimler Truck Holding AG ( OTCPK:DTRUY ) ( OTCPK:DTGHF ) when it was up almost 80% inclusive of the dividend in what I can only say was a very short time since my purchase. Even seeing the slight decline we've seen since this overreaction, the company is still up more than the S&P500, at close to 38%....
Read the full article on Seeking Alpha
For further details see:
Daimler Trucking: Plenty Of Returns Until Now, But Still A 'Buy'