I don’t think many shares are doing well this year based on today’s values and it could go down further.
Some brokers refer to Turners as a retail stock.
I guess they would call Colonial Motors a retail stock too.
I think this is nonsense.
Latest new car sales setting another record in October, most probably proves my point.
Maybe we should think of Turners as a logistics company,moving cars from one owner to another.?
LOL then we can apply the same forward PE as Mainfreight right :D
I see new vehicle sales hit an all time record in October (against a backdrop of the lowest business confidence since the GFC) and very low consumer confidence.
Reading the tea leaves, what does this suggest ? I suspect their is considerable disquiet about the fuel price and a lot of people are out there buying a new considerably more fuel efficient car. I hope this translates right across the vehicle segment so that people driving really old cars are looking to upgrade to something second hand that's more efficient at Turners or Buy Right cars.
I'm not sure it does but I hope it does. Hope is a strategy right ?
More fuel efficient, not across the board ,sadly.
Double-cab Ute Nation | RNZ - Radio NZhttps://www.radionz.co.nz/programmes/two-cents-worth/.../double-cab-ute-nation
Trading my fuel guzzler V8 today for something that's still very nice and grunty but ~ 40% more efficient. Would have gone electric but Jaguar are determined to severely price gouge early adopters of the I Pace. I suspect there's hordes of people out there with the warmer weather and record fuel prices out and about doing a similar thing to what I'm doing. Funnily enough Mrs Beagle wants a double cab ute...I'm doing my best to try and dissuade her.
Why does she want a ute - is due to it being the "in" vehicle to have or so she can put the grandkids in the ute part and won't be able hear them moan about not being there yet :-)