UPMKF - UPM: Solid Outperformance Over A Short Time; Now Too Expensive

Part of my UPM-Kymmene position (UPMKF) (UPMKY) has been one of my more successful purchases if viewed in the very short term since August 2019. My article at the time, "UPM-Kymmene: Scandinavian Forests And Forestry With 5% Yield," was the first one on the ADR ticker, and since that time, the stock has done the following:

(Source: Seeking Alpha)

30% returns in this time frame come to around 146% annualized when calculated on a 3.5-month basis. Being a B&H investor, however, this doesn't cause me to sell or anything of the sort. Nor

Read more ...