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Like I said in my first analysis about Henkel (OTCPK:HELKF/OTCPK:HENKY/OTCPK:HENOY), I am a big fan of the company. There are several reasons for this. Firstly, I think the product portfolio is very diversified. Furthermore, the long-term perspective of the management is a reason for the investment. The fact that the company is also a family business increases management's incentive to act as long-term and carefully as possible. This may be at the cost of absolute returns, but at the same time it also protects against risk.