These 3 ASX car yards are buys
The 3 major Car Dealers trading on the ASX are all trading on about 7 times earnings.There cheap! In order i like(PWA) Peter Warren Automotive with the most upside as there property holdings are substantial and can borrow on it to continue growth Eagers & Autosports are both also solidly run Profitable businesses. Unless you think cars will be replaced by spacecraft in the next 5 years these stocks are no brainers with there Dividends around 10% whilst waiting for rate drops and Population to replace aging fleet of cars in Australia. An easy 2-3x on your money over the next few years. They make money from financing too. There giving away these stocks at current prices
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Averaged 42% yearly returns over past decade. Yes I am a gun investor and buy when majority selling. Simple game
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