Although i am not a fan of this sector ( Consumer Cyclical / Auto Manufacturers) i could not resist to build up a first position in this stock.
After the general problems in Germany and also with VW all major auto manufacturers had a substantial decline in stock values in the last few days.
I do not like VW (and have my reasons for that) so i decided to enter a first position into this stock.
The market price is below fair value…
The P/E ratio is now below 5 and combined with all these factors i decided to buy.
In the next days i will start selling covered calls, time will tell the story.