Oncorhynchus
Well-Known Member
- First Name
- Moishe
- Joined
- Aug 30, 2020
- Threads
- 49
- Messages
- 669
- Reaction score
- 875
- Location
- San Jose, CA
- Vehicle(s)
- 2018 JLU Sahara Sting Gray 3.6L
The announcement from Jeep was short on numbers but nevertheless these are not concept vehicles. This is an announcement regarding upcoming major changes to their product catalog. The Recon is not interesting to me as a consumer. But the fact that Jeep came out swinging with their progress on electrification made me take another look at Stellantis as a potential investment. The STLA stock is trading at 2.7x P/E ratio and offers an 8% dividend. It’s debt to equity ratio is 0.4 compared to Ford’s 2.9. Somehow STLA is cranking out new models with gusto, both ICE and BEV models. Tavares is measured and consistent and practical in his pronouncements regarding how he thinks about the future of the automobile industry. But the modest talk is in contrast to the aggressive product portfolio expansion we have witnessed, at least from the Jeep brand.
I decided to take up a small position in STLA NV today.
I decided to take up a small position in STLA NV today.
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