I recently added Aston Martin Lagonda
AML
to my portfolio, after AML looked at bottoming out around 1900.
The start of the new F1 season where Aston Martin starts as a branded team under Stroll's wings offers great amount of brand exposure.
Aston Martin also shares the safety car and medical car for half of the season with Mercedes, which adds marketing value.
This should translate in increased sales for the years to come, and AML should be able to turn into a profitable company in 3-5 years from now.
I anticipate the share price can rise further on the short term to around 2450-2500 where we'll see some resistance from earlier lows.
AML
to my portfolio, after AML looked at bottoming out around 1900. The start of the new F1 season where Aston Martin starts as a branded team under Stroll's wings offers great amount of brand exposure.
Aston Martin also shares the safety car and medical car for half of the season with Mercedes, which adds marketing value.
This should translate in increased sales for the years to come, and AML should be able to turn into a profitable company in 3-5 years from now.
I anticipate the share price can rise further on the short term to around 2450-2500 where we'll see some resistance from earlier lows.