By Chris Bailey | Tuesday 7 January 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The comedy that is life as a publicly listed stock of Aston Martin Lagonda (AML) continues apace. I see Nigel was moved a few weeks ago to highlight the lunacy around rumours about a big potential new investor into the business. Meanwhile, I observed in my latest bearish update in November that 'my favourite line for insight remains the x5.5 net debt to adjusted ebitda multiple'. Well I must apologise for the conservatism of my comments back then...because today's update places it squarely in the x6s...
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