Behind the Multibillion-Dollar Turnaround: 3 Catalysts Positioning This Stock to Race Ahead
Investors get caught in the trap of throwing around massive headline figures, but perhaps without grasping the gravity of those figures. A great example is Stellantis (NYSE: STLA) , a global legacy automaker with the heart and soul of Detroit combined with a European flair, that over the summer announced a $70 billion turnaround strategy. For context, Stellantis has spent roughly $50 billion in capital expenditures over the five-year period from 2021 through 2025. By the way, that $70 billion strategy compares to Stellantis' total market capitalization of less than $12 billion. Fear not, brave potential Stellantis investors! Here are three reasons to believe the beaten-down and heavily sold-off automaker can turn its business around and send a much-needed jolt to its stock price over the next three years . Continue reading