Inchcape is more interesting than I expected...BUY
By Chris Bailey | Thursday 26 October 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have never written about (or owned) shares in Inchcape (INCH) before. It describes itself as a “leading independent multi-brand global automotive distributor, with strong fundamentals and significant growth opportunities ahead”. It may not be an easy world out there, but distribution remains an interesting area which is clearly consolidating over time versus the norms of the last few decades. But many will have heard of the company in the UK as “one of the leading franchised retailer groups in the UK, partnering many of the world's best brands including, Audi, BMW, Jaguar, Land Rover, Mercedes-Benz, Toyota and Volkswagen”. So, is it just a flash car dealership?
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