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0.82%

$3.67 automotive holdings group limited.

New Car Sales Bounce Back to a NEW May Record, page-3

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Ocker

10,372 Posts.

4

07/06/17

09:11

Post #: 25140045
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Originally posted by Caliente ↑

Great performance on a bad day for markets. I've taken a position.

Fundamentally - todays VFACTS announcement is very comforting that demand in the auto industry is not in terminal decline - and in fact picking up especially in SUVs/light commercial.

While auto is technically discretionary retail - demand for vehicles will always be robust.
Amazon will also obviously have negligible impact on vehicle sales. In the end you are going to a go to a dealership for a test drive.

Agree with todays Fool article - http://www.fool.com.au/2017/06/06/w...oldings-group-ltd-share-price-is-a-buy-today/

1. Trading at multi-year lows and has finally formed a floor.
2. As the largest player in the space AHG is well positioned for any recovery and can continue to acquire any distressed assets in the space.
3. 20-30% bounce from here is easy to see and not stressing valuations.

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I was not aware that Amazon sold cars?

AHG Price at posting: $3.06 Sentiment: Buy Disclosure: Held
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0 Great analysis

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