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Asbury Automotive Group (ABG) Stock Is Likely On The Edge Of Bankruptcy

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds of returns without shorting the market or using aggressive put options.

In the said letter, Diamond Hill Capital highlighted a few stocks and Asbury Automotive Group Inc (NYSE:ABG) is one of them. Asbury Automotive Group operates auto dealerships in various parts of the US. Year-to-date, Asbury Automotive Group Inc (NYSE:ABG) stock lost 26.1% and on June 8th it had a closing

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