Reported 11 months ago
Ariel Investments, a firm managing $15 billion, is known for its expertise in value-stock management. Micky Jagirdar, the head of global equities investments and co-manager of Ariel International Fund and Ariel Global Fund, shared his best trade idea with TheStreet.com - Michelin (MGDDY), the French tire maker. Jagirdar sees Michelin as a non-consensus play on the auto industry's decarbonization, highlighting its excellence in tire manufacturing and potential for growth. He believes Michelin's underappreciated status, healthy balance sheet, and leadership in the premium tire market position it well for success in the changing automotive landscape, making it a strong investment choice despite potential risks like recession and supply chain issues.
Source: YAHOO