Over the years, one of my most profitable investment research techniques has been to look for companies whose stock has been dragged down by negativity around the market in which they operate, even though they themselves are well-run, efficient, and profitable, characteristics that will enable them to survive a downturn and emerge stronger should competitors go under or cut back operations significantly when times are tough.
87 billion USD. That is almost the definition of a strong balance sheet, and it will enable Li to ride out weakness in the market for some time if that is what transpires. Of course, to take this trade, you have to believe that EV sales will resume growth at some point, but with no real alternative non-gas powered vehicles on the horizon and the world still focused on emissions reduction, that looks likely to happen before too long.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheSun - 🏆 64. / 61 Read more »