“Q3 sales down 13% at BMW” via Reuters
This is insane. BMW, once a top car manufacturer and the epitome of German engineering with its reputation as the ultimate driving machine, now has a market cap of less than $50 billion, which is less than Tesla's daily market cap vola. 😢
P/E ~ 4.5
Current ratio ~ 1.1
Price/Equity ~0.5
Profit margin ~18%
Looks like a reasonable buy to me
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