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Never thought I would be pushing this company as a good play, but still makes sense.
$STLA CEO was just canned because he was an imbecile who thought cutting everything could turn around a company.
The stock is cheap, options are super cheap, and while they can always go down another 99.99% this one is still making tons of money.
It is just about the biggest bargain on the market. P/E is roughly 3 now, and forward P/E is like 3.7. they have valuable brands like Jeep and Dodge. Once they appoint a new CEO this should jump significantly (and bonus points if they aren't euro trash).
I picked up a tiny play on Monday after seeing the news and that the stock was down as a result. Up 70% so far. It will take a bit for a new CEO search, but that is why half-leaps are a great play, not out of the question for this to climb back to the 20s by that time.
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