My entry price was 15.05, stellantis bought back shares at 13.6 euro after the stock crashed. This tells me that they think 13.6 is a good undervalued price for their company. A company buying back its shares tells us 2 things. 1. They have confidence in their future plans so they want to own more so they can benefit more from their success. 2. The believe this price is below their own valuation for their company so they stand to make a profit either from growth or dividends. While stellantis pays dividends it doesn't have a long history of consistency so it's safe to assume they plan to make their profit from growth.
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- ClarenceNehemiah·09-29I agree with your analysisLikeReport