VW emissions scandal: time to buy?
Plenty of people lost a hell of a lot of money buying bank shares in early 2008 on the basis they’d bounce back. VW could go a hell of a lot lower, it’s still very unclear what the level of fines could be in the US.
OP to be honest I’ve not followed the level of VW diesel depreciation so far but there are many who won’t buy again. Also I would imagine legally if you buy now you’ll get no payout in any compensation deal as you are buying in the knowledge that the tests were cheated.
@tmh VW bottomed at €30 in 2008 so why is the company a buy a treble that value today ? A buy for the bery brave at best I’d say.Posted 2 years ago
Thm, your post made me check the history 🙂 I got whipsawed all over the place in the banks, re-taught me a lesson about how distracting pa positions are to the day job. The bear case for VW is quite strong, Unknown downside (punitive fines, fix vehicles, compensation claims), falling credit rating impacting their ability to finance new car purchases, permanent damage to the brand, permanent shift away from diesel (all those €’s invested in research past and present, ability to refocus production to petrol). Diesel engines where seen as a big company strength, not so now.?????Posted 2 years ago
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