Volkswagen:Position Changes: Difference between revisions

Volkswagen:Position Changes (view source)

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 I sold 25% of our Volkswagen to take a more defensive positon at
-VW remains to be sizable position in the portfolio.
+VW remains to be sizable position in the portfolio given it's cheap valuation and virtual equity stories.
+I am certainly interested to increase the position again, once our visibility increases or we get an even more attractive entry.
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 * In the longterm the risk from autonomous vehicles is very unpredictable. I believe that there will be a self driving future which could reduce car demand drastically.
 * There are many open unanswered [[questions]] like the profit margins of EVs see [[Automotive Industry:Questions]] or the situation at Volkswagen Financial Services see [[Volkswagen:Questions]] that need to be answered.
+* Volkswagen is in a transition towards renewable energy which costs a lot of money. I am unsure when Free Cash Flows will improve again.
+* Revenue and operating margins in 2022 have missed targets. Likely caused by a (temporarily) weaker China. <ref>https://discord.com/channels/978370501237932092/1012303584446136380/1072614601285435412</ref>
-Note: I already sold and repurchased 25% of the Volkswagen position on
+Note: I already sold and repurchased 25% of the Volkswagen position on February 7 <ref>https://discord.com/channels/978370501237932092/1012303584446136380/1072635724865753189</ref>
 == References ==