APE: At a cyclical low point?
Sometimes when investing it pays to ignore the short term headlines and go against the prevailing sentiment. Car retailing is a business that has been around for well over a century. In Australia, one of the largest, and oldest car retailers is Eagers Automotive (ASX:APE). They were founded in 1913 and listed in 1957. Today they have a market capitalization of over $3.1 billion and turnover exceeding $10 billion. They are the number one new car retailer with over 10% market share and the number one used car retailer. Читать дальше...