The stock is trading at a compelling discount to our fair value estimate.
We think the automaker is undervalued.
We have maintained fair value estimate as the fine from the German public prosecutor had minimal impact.
We think this no-moat company’s shares are undervalued.
Innovation enables increasing dollar content per vehicle and bolsters margins.
Given the vast amount of already shared purchasing, engineering, and vehicle platforms between the alliance partners, an integration of the firms could be relatively rapid.
The automaker plans to expand production of electric vehicles worldwide.
The narrow-moat firm is buying Germany-based wholesale distributor Stahlgruber GmbH.
We think the maker of Mercedes is undervalued.
The company is both a beneficiary and an enabler of global clean-air regulations.