Posted Sunday, October 29, 2023 at 9:40pm
Subaru, (OTCPK:FUJHY), or native ticker 7270 in Japan which is the one that I invest in, is an impressive automotive business with an upside that is one of the four Japanese companies I currently invest in. I have been invested in Subaru for about a year at this point, and despite a recent decline, I’m in the green on this position on an overall basis.
Subaru has reported 1Q24 results, and these are results that we’re going to take a closer look at today – however, one of the main reasons for my update today is the ongoing trends in overall global automotive, which gives me some worry for the established brands.
What am I talking about?
Let me show you by talking about Subaru and where I believe the company is going. My last article on the company can be found here, and my stance at the time was a positive one due to undervaluation. My return since my first investment in Subaru is still like this.