https://finance.yahoo.com/news/car-dealers-trash-legacy-ousted-151625548.html
I personally think as Italian and as Investor and Entrepreneur that Tavares ruined an entire company.
His policies on cost cuttings and higher prices to have a short term benefits has destroyed the American clientele with the worst results in the last years for brands like jeep and ram.
Elkann in these days is trying to realign the shareholder and management achievements including a long term solutions with the Italian government.
We’ve even got to take care about the European car manufacturers market that is suffering the cheap and innovative Chinese cars solutions.
In my own opinion to the ones who are happy to takes more risks with a possible higher return, the stock is now cheaper than ever with a p/e of 2.93 and a glutton 11.36% dividend that makes me happy to wait till it goes back to normality. I’m piling up more with a target price of 17.
