2024-06-28 17:54:18 ET
Summary
- Nissan has been going through difficult times and S&P downgraded it to junk last year.
- China continues being a woe for the company, but other markets are recovering.
- During the earnings call, there was some mixed messages regarding Nissan's strategy and the opportunity of focusing on value instead of volumes.
- In this article, I update my research on the stock and explain a few concerns I have.
This year the stock market is up, but there are a few industries that are not doing well. Curiously, they belong to two opposite industries, whose multiples are quite distant from the other: luxury goods and automotive....
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For further details see:
Nissan: Two More Years Before Growth Mode