Time to Buy Porsche Shares?
Porsche shares are looking very attractive to me: consistently good sales for vehicles, a succesful engineering consulting business to other car companies, and the US dollar is still high relative to the Euro.
Two problems:
1. The shares (POR3) are not traded in the US, tho my brokerage (Q&R) says they can get them. I wonder about liquidity, but since the London and Frankfurt exchanges are merging, that ought not to be a problem, I guess..
2. The shares currently trade at around $3500 per shares. The directors recently voted a 10:1 split that will both make the shares more reachable for small investors and probably increase the appeal.
3. I worry that the Cayenne will reach the market just in time for the SUV fad to fade away like the hula hoop.
What do others think?
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