It's quite amazing how little the market reacts to such bad news here, if you look at the beating rounds at US tech even when targets are met...
We don't need to talk about the outlook for MB at the moment.... It's worth taking a look at the decline in sales over 10 years....🫣
We don't need to talk about the outlook for MB at the moment.... It's worth taking a look at the decline in sales over 10 years....🫣
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@value_crafter_1628 I was actually a little surprised. After the initial losses today, the share made up some surprising ground. After the figures and the outlook, I would have expected a stronger reaction. And I completely agree with you, I have some stocks in my portfolio that were punished much more even though the figures met expectations and the outlook was not particularly bad.
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@value_crafter_1628 They have simply spent too little CapEx on data centers / AI ;-)
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@value_crafter_1628 In the case of Daimler/Mercedes, one wonders how this company has survived so far.
The company's history over the last almost 50 years is an almost picture-book sequence of disastrous management decisions. Here are just a few key points:
- Integrated technology group with aviation/Fokker
- Transfer of electric mobility engineers to Tesla.
- Sale of the Tesla shares. Really expert.
- Smart/Swatch (death of the brand with dealers being taken for a ride)
- Chrysler investment with enormous investments and then sale. Incredible burning of money.
- Participation in Mitsubishi and then sale
- 'Luxury strategy' with concentration on 'old bags'. They didn't understand that entry-level models are needed to bind young buyers to the brand
- The design of the first generation of electric cars was a complete flop. These cars were basically completely unsaleable.
The company's history over the last almost 50 years is an almost picture-book sequence of disastrous management decisions. Here are just a few key points:
- Integrated technology group with aviation/Fokker
- Transfer of electric mobility engineers to Tesla.
- Sale of the Tesla shares. Really expert.
- Smart/Swatch (death of the brand with dealers being taken for a ride)
- Chrysler investment with enormous investments and then sale. Incredible burning of money.
- Participation in Mitsubishi and then sale
- 'Luxury strategy' with concentration on 'old bags'. They didn't understand that entry-level models are needed to bind young buyers to the brand
- The design of the first generation of electric cars was a complete flop. These cars were basically completely unsaleable.
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•@NichtRelevant 100 percent agreement. As a former Mercedes driver for many years, I can add one more point:
- unbelievable arrogance, even towards long-established customers
- exorbitantly high new premiums, which have risen by over 40% in just a few years.
- All service workshops sold and no longer service under their own brand, here too service is sometimes subterranean.
I was in the luxury situation of being able to buy a new Stern last year as a company car. Had 100 K as a frame. Always MB so far. Frustrated, I put off buying a new car for the time being and later decided on a cheaper model from another manufacturer. It probably won't be a Mercedes any more, Germany is a service desert. If buying a car isn't even fun anymore, then you've made it!
- unbelievable arrogance, even towards long-established customers
- exorbitantly high new premiums, which have risen by over 40% in just a few years.
- All service workshops sold and no longer service under their own brand, here too service is sometimes subterranean.
I was in the luxury situation of being able to buy a new Stern last year as a company car. Had 100 K as a frame. Always MB so far. Frustrated, I put off buying a new car for the time being and later decided on a cheaper model from another manufacturer. It probably won't be a Mercedes any more, Germany is a service desert. If buying a car isn't even fun anymore, then you've made it!
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@NichtRelevant thanks for " luxury strategy for old farts" 🤣 is okay, I just don't feel addressed now...🤟😂
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@value_crafter_1628 😅. I have nothing against the Mercedes brand and old farts. I'm one myself at the age of 51. I have an old E500 in my fleet.
I can confirm that with the service desert. The Mercedes dealership is almost disgusted when you come in with an old car like mine. It took 2 weeks to NOT repair one of the headlights. Two 'diagnostics' for 900 euros and then refusal to replace the headlight control unit because the headlights were already so old. Only new complete unit offered for over 2tsd plus installation.
The independent garage then fixed it for 350 euros. What can you say about that? Without words.
I can confirm that with the service desert. The Mercedes dealership is almost disgusted when you come in with an old car like mine. It took 2 weeks to NOT repair one of the headlights. Two 'diagnostics' for 900 euros and then refusal to replace the headlight control unit because the headlights were already so old. Only new complete unit offered for over 2tsd plus installation.
The independent garage then fixed it for 350 euros. What can you say about that? Without words.
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Huh? What bad news? Result beaten, unset narrowly missed.
No one on the stock market is interested in the history of recent years.
No one on the stock market is interested in the history of recent years.
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I think it can go up in mid term. New models actually look promising.
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@Charmin What would happen to a US tech company at the moment if the report said: earnings just beaten, sales just missed, future prospects: extremely unfavorable due to repeated, unsuccessful strategy changes and now an extremely difficult market environment?
It is true that there are always good trading opportunities. Classic long-term downtrend with cyclical countermovements. Ideal for traders, great swing trading conditions, you're right! However, not exactly favorable as a forecast for the company 😉
Good luck 🍀
It is true that there are always good trading opportunities. Classic long-term downtrend with cyclical countermovements. Ideal for traders, great swing trading conditions, you're right! However, not exactly favorable as a forecast for the company 😉
Good luck 🍀
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@NichtRelevant 😂🤣 then I'm even a year younger than you!, Then you're the old bastard! 🤣😂🤣😂🤣 E500 old series: technical dream piece!
Best regards 🖖
Best regards 🖖
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