Aston Martin reports high 3Qtr Profits
#1
Aston Martin reports high 3Qtr Profits
British supercar maker Aston Martin Lagonda (LSE:AML) said on Nov. 15 that its operating profit nearly tripled in the third quarter from a year ago, to 25.3 million British pounds ($32.9 million).
driven by strong demand for the new-this-year Vantage model, a two-seat V8-powered sports car, and new variants of its mainstay four-seat DB11.
https://www.fool.com/investing/2018/11/15/aston-martin-lagonda-profit-triples-on-high-demand.aspx
Good News For Aston Martin!
driven by strong demand for the new-this-year Vantage model, a two-seat V8-powered sports car, and new variants of its mainstay four-seat DB11.
https://www.fool.com/investing/2018/11/15/aston-martin-lagonda-profit-triples-on-high-demand.aspx
Good News For Aston Martin!
#2
I just wonder how many "sales" were to dealers that are still looking for buyers --- now the DB11s, Vantages, and perhaps DBS' just sitting on their dealer lots and off AML books. That said, I view the outlook for AML to be excellent. Just cannot bet on a stock with one-quarter results and all the pre-amping going public. Also, Brexit complication and changes may be hanging over them. My head may be too conservative.
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