ITJTY - Intrum Q4 - Up 34% Since November With Plenty More To Go

2024-01-30 18:56:14 ET

Summary

• I've added to my position in Intrum as the share price declined, believing in the company's potential for a 200%+ return on investment.
• Intrum has taken steps to set the path for its recovery, including eliminating the dividend, asset sales, and cost reductions.
• The company's progress on its strategic actions, such as record ACV signings and cost savings, is solid, and there are positive expectations for 2024.

Dear readers/followers,

I added to my position in Intrum in 2023 as the share price declined, using a combination of common share buys and cash-secured Puts. I stopped adding during the end of November in 2023 when my position reached the absolute justifiable maximum for any position.

Normally, when a company does a 30%+ in less than 3 months, I'd be singing my own praises from street corners. However, that is not justified in this case, because the fact is that I am mostly in the negative for the total of my position because of my cost basis. I started investing well before we dropped below 80 SEK, which means that I actually went in too early, even if around 38% of my total position has a cost basis of below 70 SEK - which is amazing....

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