Consumer sentiment and GDP growth (in US at least) has actually been robust going by news reports so why is VGL unable to capitalise on that sentiment? If mgmt couldn’t deliver results in such a robust macro economic scenario where GDP grew despite all time high rates, how will the mgmt deliver results when Fed starts cutting rates or a recession hits US ? Price might be right to enter at this point but can’t trust the mgmt which doesn’t deliver results in good times too! That might be indicative of a flawed business model.
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