Posted on March 15, 2023
Get a load of this…
Most North American car owners are familiar with Valvoline Inc. (NYSE:VVV), provider of automotive parts and services across the United States and Canada.
She’s an old outfit—founded in 1866—but as of today, she’s tired.
The stock is wheezing, as the chart below will show.
But before we get there, a quick look at the fundamentals…
So what’s keeping the stock afloat?
Possibly the following:
First, they just sold off all their international operations to Aramco.
Second, they promised to buy back stock over the next eighteen months.
But we don’t believe they’re going to pull it off as expected.
The company’s creaky in the joints and owes too much to stay solvent.
And the countdown to cash-in begins…
Many happy retrns!