Hi Tamara, the stock is up to 14.50 since the video, so not bad. It is a value stock, paying dividends and being cheap. It's not going to double for you in a year. It is a transport and logistics (trucking) stock, not automotive. It pays a nice dividend. As far as the future, I don't know the future any better than you, but I expect the stock will move up slowly, and keep paying dividends. Note it is a cyclical stock, dependent on the economy, so a recession won't be kind to it. But it will recover from that too.
Mullen is a deep-value stock, inexpensive because the economy is a little slow right now.
The slow economy has affected them, but they remain profitable.
They pay and grow a solid dividend, well covered by their profits and cashflows
A trucking company has no economic moat, and 6% margins, so they are competing against others
I liked that breakdown. Will be adding. Thank you
Ok, newbie here but with this stock, what's going to happen with the mullen automotive stock?
Hi Tamara, the stock is up to 14.50 since the video, so not bad. It is a value stock, paying dividends and being cheap. It's not going to double for you in a year. It is a transport and logistics (trucking) stock, not automotive. It pays a nice dividend. As far as the future, I don't know the future any better than you, but I expect the stock will move up slowly, and keep paying dividends. Note it is a cyclical stock, dependent on the economy, so a recession won't be kind to it. But it will recover from that too.
I'm thankful for the newly announced dividend increase! Long MTL!
Yes, that's a hefty dividend hike, and they have had a good week in terms of share price, too.