Typical black swan story of emissions scandal has rocked Volkswagon AG's share price and admittedly they've had to fork out billions in fines and compensation but does this warrant a share price less than half of that prior to the emissions scandal. It doesn't take much digging to confirm that Volkswafon AG is a quality company with masses of revenue generating assets not to mention consumer finance (which makes debt look high). Does nobody think they will regain the share value they had mid 2015 within the next 4 years I.e a 25% annual increase on average? I do especially with the possibility of the ID Buzz (new camper van) not to mention thier diversified portfolio of great car brands. I may be completely wrong but all I've learned reading the books about the great investors points me towards Volkswagon AG. At less than 0.5 price to book value Im going to go with what I think is the right thing to do. Am I missing something?
Many people who had previously regarded Volkswagen as a high quality business selling high quality cars now feel very differently.
The previous slogan - "If only everything in Life were as reliable as a VW" - is now a bad joke.
VW's response to being exposed as dishonest is utterly inadequate. They are fighting legal battles to avoid providing proper compensation to the customers they duped.
I am participating in a class action against VW. I will never buy another car from them. I think their brand is badly damaged and they are still in denial and failing to begin to address the problem. They are trying to escape/avoid the consequences of their actions rather than acknowledging them and dealing with them.
Why would anyone want to buy their shares? Other investment opportunities are available.
