Volkswagen‘s (NASDAQOTH: VLKAY) stock has fallen 29% since the day before news broke about its massive emissions test fraud, but that doesn’t mean it’s a buy yet.
In this industrials segment from the Industry Focus podcast, Sean O’Reilly and John Rosevear talk about why investors had doubts about the company even before the scandal, and why the current discount doesn’t necessarily make the company a good investment.
A transcript follows the video.