Fiat Chrysler Automobiles NV (NYSE:FCAU) Up 214%

Johnny HopkinsStocksLeave a Comment

On December 1st, 2016 we wrote this article titled – The One Automobile Stock That Value Investors Should Own Right Now – Fiat Chrysler Automobiles NV (FCAU), here at The Acquirer’s Multiple.

At the time the article was written, Fiat Chrysler was one of the cheapest stocks in our All Investable Stock Screener, trading on an Acquirer’s Multiple of 4.22. It’s share price was $7.70, down 46.75% from its previous twelve month high of $14.46 on December 29, 2015. Here’s what the price chart looked like then:

(Source: Google Finance)

Source: Google Finance

In the article we also reported that Bill Nygren of the Oakmark Funds and Mohnish Pabrai of the Pabrai Investment Funds both owned shares in Fiat Chrysler, 24,400,000 and 13,771,930 respectively.

As of today this same stock has risen a staggering 214% to $24.19 since the time the article was written. Here’s a look at the price chart for the past twelve months:

Source: Google Finance

After all that time and a rise of 214% Fiat Chrysler still remains undervalued, sitting in the 30th position in our All Investable Stock Screener with an Acquirer’s Multiple of 7.27 and a P/E of 10.7.

For more articles like this, check out our recent articles here.

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