ICCGF - ICA Gruppen: Market Dominance But Overvalued
- ICA Gruppen remains the third-largest consumer defensive holding I own, at over 3.5% of my portfolio. The company has been part of it since 2015.
- ICA Gruppen is only buyable at very certain times - and I don't see one of those times today. The company is overvalued at this price and doesn't deserve investment here.
- However, this company is one you should hold in your mind when it's undervalued. Investing in grocery dominance in a nation is always a good idea in my book.
- ICA Gruppen continues to be a "HOLD".
For further details see:
ICA Gruppen: Market Dominance, But Overvalued