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Norsk Hydro's share price appreciated massively for the first few months of the 2021 fiscal. There is some cause for this exuberance, and the company traded close to 50 NOK.
I decided to take advantage of the situation and rotate some profits into more undervalued stocks. Not because of Hydro being a bad investment, but because of the valuation.
I retain a 1.4% portfolio position in Norsk Hydro, but I wouldn't buy the company at this valuation.