I continue to add to car retailers. Today, buying a little more LAD.
Recession fears, people tapped-out, expensive discretionary item, etc. etc. Somewhere there's a bottom to these stocks though. Maybe it's a lot lower than current stock prices. Still, on some measures, p/sales for example, (assuming sales might at least remain constant from this point), the stocks are small buys now, imo, for recovery in couple of years.
LAD not particularly great, although showing profits in each of past ten years. Perhaps negatives specific to LAD might be too dependent on Western USA, too many domestic brands. Maybe too many Chrysler/Dodge stores. I don't know.
lithia.com |
