Does todays AML share price weakness give me a buying opportunity?
Aston Martin Lagonda (LSE: AML) is in the news again, and its never good news when its something thats going to hit the bottom line. Its all about a dispute with Swiss car dealer Nebula Project. Aston Martin alleges the dealer withheld customer deposits for its Valkyrie sports car, and has commenced legal action. The dispute is apparently going to hit this years profits to the tune of around 15m. The Aston Martin share price dipped a couple of percent on the news, which isnt too bad. But the stocks early June gains have reversed, and were looking at a 17% fall from Februarys high (although a 33% rise year-on-year). It seems the enthusiasm that greeted the arrival of the companys new management team might be waning. Those who missed the steady rise that kicked in towards the end of 2020 might see it like that. But Im not so sure. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential... I have one big difficulty in thinking about Aston Martin. And thats separating the company we see today from the one that ambitiously came to market in 2018. But that separation needs to be done, because I reckon theyre two very different companies. With hindsight, we can now see that the one that floated amid so much fanfare had its head in the clouds. Ambitions were plentiful, but it was mostly wishful thinking. And after the AML share price lost 90% of its value in the first two years, it looked like the company was set to go bust for the eighth time in its long history as a top marque. AML share price crash  If the aftermath of the AML flotation did nothing else for my investing strategy, it reminded me of why I dont buy at IPO. Anyway, the new management looks far more switched on to me. And Lawrence Strolls vision for the company seems far more realistic. Saying that, it is still hard to put that catastrophic AML share price slide out of my mind. I think thats especially relevant here. But though I do place significantly more trust in the abilities of the new management team, Im still going to wait and see. Q1 looked reasonable  The biggest uncertainty is financial. And the best we have to go on is the firms Q1 trading update. It was in line with expectations, and AML described its transformation progress as excellent. Wholesale volumes rose by 134%, while revenue increased 153% to 224m. Thats good news. But its against the first quarter of 2020, which is not a very high bar to beat. Still, Aston Martin did report a positive adjusted EBITDA of 20.7m  but there was an adjusted operating loss of 15.3m. Yet net debt fell, from 956m a year previously, to 723m, which is good. No, not now, because theres still far too much uncertainty for me. I still think, however, that the AML share price could look attractive once we see further progress.