2024-02-16 10:03:42 ET
Summary
- Sixt AG is, in my opinion, the most attractive listed car rental company, thus justifying a higher valuation than its peers.
- There are major advantages to the founding families continued control over the company.
- The company has a strong balance sheet and is set to grow after using the pandemic phase to secure a foothold in North America.
- However, I believe that the common stock is not the best way to invest.
- Instead, the preferred shares are, in my opinion, worth a closer look.
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Sixt AG: Best In Class - But Don't Buy The Common Stock