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NHYDY - Norsk Hydro - Flat Development No Real Incentive
Norsk Hydro ASA ADR
People have been asking me regarding the development of Norsk Hydro and whether to invest here. I sold large parts of my position at close to 60 NOK/share.
The company has gone nowhere for nearly half a year due to valuation having reached the peak, and most of the upside being priced into the company.
Catalysts are needed to drive things upward. I don't see any major ones coming up - results are already positive.
Hydro is currently at a sub-par valuation for investing.