Is the Rolls-Royce share price fast becoming a joke?
The ascent of the Rolls-Royce (LSE: RR) share price in the last few years is the sort of thing that most stock pickers dream about. We’re talking a near tenfold gain in the last five years.
As someone who never bought into this stratospheric rise, I take my hat off to anyone who had the courage to invest for the long term when few would. But not being directly involved arguably makes it a bit easier to question whether this momentum is 1) justified and 2) sustainable.
On the first point, it would be a harsh critic to say that the incredible positive momentum we’ve witnessed isn’t deserved.
Thanks to the no-nonsense approach of CEO Tufan Erginbilgiç, Rolls-Royce is a far…
