What do you think of the Volkswagen $VWA.BR? YTD the stock price is down almost 20%. Is it the right time to buy?
Osobní pohled člena komunity, ne investiční doporučení. Pravidla komunity
They're not doing so well right now, but I don't see it as black as others. I won't buy now and will wait to see what the next results are and then decide whether to buy or not.
I'd be careful here. While it is a nice discount, VW is currently facing quite a few issues that are being addressed in the media, as colleagues have written here. Overall, I would take the automotive sector with a bit of a grain of salt right now and wait for some more positive news, of which there hasn't been much lately.
The price may be low, but the question is whether this is a good opportunity. The company has big problems now that will take a long time to solve. I certainly won't be buying their stock now.
Now they have enough problems and they have to solve them. I don't really invest in car companies.
So far they have enough problems and they have to deal with it. I'm not getting into this sector at all. Maybe even in a bigger downturn I wouldn't care so much, but that's because I'm not a sector specialist. For many others, it may be par for the course.
So here I would probably apply the lesson, don't catch the falling knife (where it stops is not clear, if the European automotive catches panic so it can go much lower ) and rather wait until it goes up again and it will have a clear cause. The introduction of solidstate battery for example 😉.