HENOF - Henkel: Which Share Class To Buy Amid The Selloff
2025-04-30 11:30:23 ET
Summary
- Henkel reported its 2024 earnings in March - the market was disappointed with the results and over the last 1.5 months, HENKY/HENOY shares have declined to 2022 levels.
- In this update, I review Henkel's operating performance in 2024 and over the longer term and share my view on the company's internal optimization efforts.
- I will comment on the company's apparent shift in shareholder return strategy.
- I conclude with whether I am currently considering adding Henkel stock back to my portfolio - and if so, which class of stock.
Introduction
It's been quite a while since I last wrote about Henkel AG & Co. KGaA stock (HENKY, HENOY, HENOF, HELKF) here on Seeking Alpha. In my previous articles, in addition to providing an overview of the quality and prospects of the mixed consumer goods and industrial products company, I explained my strategy to profit from the spread between Henkel common shares ( OTCPK:HENKY - ADRs, HENOF - actual shares, thinly traded) and preferred shares ( OTCPK:HENOY ADRs, HENOF - actual shares, thinly traded), or lack thereof....
Henkel: Which Share Class To Buy Amid The Selloff