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I last wrote about Kesko (KKOYF, KKOYY) back in April. The investment in the company, which currently represents about 3.2% of my holdings, has grown by over 45% in value, thanks to capital appreciation and dividends since the time of purchase. It has provided positive results for quarter after quarter, and the change in share price has been justified. Because the company recently released its half-year report for 2019, I thought this would present an excellent opportunity for a thesis update.
First, Kesko is a buy-and-hold-forever company for me. It represents a