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DD - Swedish Steel: A Steel Producer Operating In The Shadow Of The Big Boys
E.I. du Pont de Nemours and Company
Introduction
It has been a while since we discussed a Scandinavian stock here in Focus on Europe, and the previous Scandinavian idea, Viking Line has performed quite well and is still trading roughly 20% higher despite the ongoing economic uncertainty. In last week's edition of Focus on Europe, we checked up on the financial results of Societe Generale (SCGLF) (SCGLY), one of France's largest banks which is currently trading at a huge discount to its (tangible) book value and pays a 10% dividend yield.