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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (76251)	10/4/2024 4:16:52 PM
From: Bob Rudd	4 Recommendations Read Replies (2) of 78470

Sold $STLA down ~20%. When I bought it value metrics all similar to 3x PE Total shareholder yld 11-15% Strong Balance sheet. I ignored warnings for bloated US inventories thinking nothing could go that wrong with those metrics. Since then, the bloated inventory chickens came home to roost and the value metrics turned ugly. Turns out the high inventories and great profits were the result of short term actions that impaired sales but juiced the EPS numbers. Now the dealers are PISSED, Labor is knives out, the yld is likely 5%, and the Sunami of cheap Chinese EV's is being held back by flimsy tariff restrictions. Remain in HMC, my ride, which has held up ok.

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