Should give investors confidence as they absorb the implications of this. I wonder when Toyota will wake up to what's happening and realise that the EV landslide will soon smother them?? Ironic that the company that gave the world the Prius is so blind to reality.The world needs Toyota to swallow its pride and accept that the world has moved on from ICE, and that hybrids and hydrogen or any other desperate attempt to retain their business model of dealerships and complicated, relatively high maintenance cars are all doomed to failure. New leadership is needed at the top of Toyota.
I've always been a LT holder of GXY. I'm less interested in the price it will be in five years time than in what dividend it should be paying in five years time and beyond.
GXY Price at posting:
$1.31 Sentiment: Buy Disclosure: Held