KKOYF - Finnish Dividends With Kesko - A Lot Of Upside

2024-01-29 07:30:00 ET

Summary

• Kesko is an undervalued quality grocer/trading company with a 6%+ dividend yield, which is rare on a global scale.
• The company is market-leading in food service, car trade, and building/tech trade in Finland and manages sales revenues of over €15B per year.
• Despite some challenges, Kesko is in a good position with solid overall performance, cost improvements, and potential for above-market growth.

Dear readers/followers,

You may in fact recall my latest set of articles on Kesko (KKOYF)(KKOYY), a company that I've started covering again more frequently for the past few months. Why have I started covering the company again is fairly simple - we're once again seeing an undervalued quality grocer/trading company.

When I last published on Kesko, it was when I had invested in the company for a number of years and it was greatly overvalued, and I ended up rotating it for a great profit. It's nowhere near as appealing as when I bought it at €12/share, but am at a high degree of conviction that despite pressure, this is not a share price we will easily see again given that the company is substantially better than it was a few years back....

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