Saturday June 6, 2020

Michael Murray: Daimler’s shares look attractively priced

Even with some challenges looming in 2016

7th February, 2016
Dieter Zetsche, chairman of the board of management of Daimler AG, introduces the new Mercedes E-Class during a media preview before the start of the North American International Auto Show Picture: Getty

Despite Daimler delivering a stellar set of 2015 results last week relative to the car industry overall, an ungrateful stock market rewarded the carmaker with a fall of 4.6 per cent in its share price on the day of the announcement. The market clearly doubted the statement from the chief executive that “2015 was a good year for Daimler, and everything points to another good year in 2016”.

Eaten bread, as they say, is soon forgotten. Stock...

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