RNMBF - Rheinmetall: Buy The Defense Hold The Automotive
Thesis
Rheinmetall (RNMBF, RNMBY) operates through two key segments: Defense and Automotive. While I really like the current condition and the future potential of the Defense segment, I feel that Automotive is struggling and will need time to start contributing to growth significantly again. Investors who invest in defense or automotive can buy Rheinmetall for either of its two segments and they will get the other segment as a bonus, which brings nice diversification benefits to their portfolios.
Business
Rheinmetall AG is a Germany-based company that operates two major businesses in two