Nissan Motor: Do Not See Upside At This Time.
$Nissan Motor (ADR)(NSANY.US$ Nissan Motor has seen a rebound in sales and overall earnings.However, cash growth has been declining, and the stock appears to be more expensive than previously on a P/E basis.
Sales of the Nissan LEAF have also come in below expectations this year.I do not see upside for the stock at this time.
Investment Thesis: As the stock still seems to be more expensive than in previous years on a P/E basis and sales of the Nissan LEAF have been decreasing this year – I do not see upside in the stock at this time.
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