VNNVF - Vonovia: The Multiple Expansion Is Too Unpredictable Lifting It To Hold
2024-03-17 03:20:12 ET
Summary
- On March 28th, 2023, I issued a clear sell recommendation on Vonovia.
- Since then, the stock price has surged by ~50%.
- In this article, I summarize my previous thesis and explain why Vonovia has gone ballistic since March 2023.
- Finally, I also explain why I have changed my rating to hold, while being fundamentally bearish against Vonovia.
On March 28th, 2023, I issued a detailed article elaborating on the various aspects of Vonovia SE ( OTCPK:VONOY ) ( OTCPK:VNNVF ) that, in my opinion, warranted a clear sell....
Vonovia: The Multiple Expansion Is Too Unpredictable, Lifting It To Hold