MGDDF - Michelin: A Dominant French Company Trading At An Attractive Price
Introduction
Although French companies sometimes have a negative perception (due to the perceived strike risk and collective bargaining agreement risk), even some of the larger enterprises in the country are attractively priced. Since my previous article on Michelin (MGDDY) (MGDDF) was published here on Seeking Alpha, the share price increased by 32% (excluding dividends), but the investor interest remained low and no new articles were published. Time for a change, as I believe Michelin is still attractively priced, despite its excellent performance in the past few years.
Source: Finanzen.net
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