TKAMY - thyssenkrupp: Undervalued Conglomerate With Long-Term Upside Potential

2024-05-04 10:47:39 ET

Summary

• ThyssenKrupp remains a volatile investment with issues and uncertainty, but the company's appeal for the 2024-2026E period is becoming clearer.
• The company has low debt, continued liquidity, and a net cash position, and is a market leader in various segments.
• ThyssenKrupp is focusing on transformative steps to increase revenue and improve profitability, with a target of a positive EBIT effect by 2024/2025.

Dear readers/followers,

Investing in one of the largest steel businesses on the planet should be a fairly simple choice - unfortunately, it isn't. The company I'm reviewing here, ThyssenKrupp ( OTCPK:TYEKF ), is a company that continues to underperform. I had a "BUY" thesis/stance in my last article on the company, which you can find here.

It's important for me to point out that my articles on this company didn't elicit a whole lot of response when the company was actually cheap. That means that my position, small as it is, doesn't suffer (in going into the negative, inclusive of dividends) much even from a 20% drop that we're seeing here, because overall, I am still in the positive for my investment here....

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