IVSBF - Investor AB: Higher Healthcare Focus Makes Patricia Industries More Interesting

2025-04-30 04:53:03 ET

Summary

• Investor AB is a core holding in my portfolio due to its significant stakes in key Swedish industries and its low-risk, stable nature.
• Despite a recent 3% decline in NAV, Investor AB's diversified portfolio and strategic investments in Patricia Industries and EQT make it a long-term value play.
• The company’s AA- credit rating and historical performance, with a 13.89% annualized RoR since 2005, underscore its reliability and potential for steady returns.
• I recommend a "Hold" rating for Investor AB at its current valuation, with a target price of 265 SEK/share based on a 15% NAV discount.

Dear readers/followers,

Some companies really are kind of like investing in a "state" or a nation, because they represent such a huge portion of that area's industrial production, companies, or significant assets in a way that is hard to ignore. BlackRock ( BLK ) is one such company. It's why whenever I own shares in those companies, I am extremely careful about selling them, because I know that I might not be able to get into them at cheap pricing, not just for years, but sometimes for 5-10 years/decade or more....

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