First bite at $1.85. Looks like still overvalued given the deteriorating macro conditions for this industry sector. Will top up as necessary as the price descends lower.
It is now down more than 65% down from the 2021 issue price of $2.90. Looks like the float price was ridiculously overvalued. What went wrong?
If the debt is a problem here then they can sell some dealerships to bring it down.
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