Thanks for your question MadDog. While Mercedes is trading at an attractive valuation, we believe BMW offers an incredibly unique risk/reward as the stock price is almost fully underpinned by the value of its FinCo... login to read the rest
Thanks for the update Hawkeye, really appreciate your work. You mentioned two years back preferring BMW vs. the other OEMs, including Daimler. Is that still the case after Mercedes spun Daimler trucks?
Since our original write-up in May 2020, BMW’s financial performance has been unquestionably strong, and we think the risk/reward is one of the best we see in the market today. BMW has grown its cash... login to read the rest
We think the whole sector is arguably cheap, but there are several reasons why we think BMW is the most compelling investment.
First, BMW is a pure-play investment in a premium brand with a track record... login to read the rest
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