BMW Isn’t Priced to Move – Wall Street Journal
You don’t buy a BMW because you think it’s cheap. The same goes for the auto maker’s stock right now.
Having been up almost 38% at one point this year, BMW’s shares have now largely given up all those gains. Yet on Tuesday, the German luxury-car manufacturer reported its best-ever unit sales for its second quarter—traditionally a strong one—with global revenue up 20%, year over year. With overseas sales especially lifting BMW’s…