DUAVF News and Press, Dassault Aviation From 05/31/22

Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market. In our search for companies with potential an...

Raytheon has major commercial exposures that are coming out of a depression, probably durably, with the return of the service industry. The defense exposures are struggling with supply chain issues and the F-35 exposure, but backlog is growing and locks in the benefits of a tense geop...

Our portfolio has eclipsed all benchmarks both on a YoY and YTD basis with our contrarian, obscure stock and mid-cap approach with an exaggerated risk aversion. We discuss the logic behind our general style and why it is structurally advantaged against indices, and how it contributed ...

While defense is the flavor of the year with the Russian invasion of Ukraine, GD will see blowback in its profitable private jet business as Russians get sanctioned. Gulfstream being the premier brand for jets and probably the favorite of wealthy Russians is going to put a cap on mome...

If you like the Typhoon, you'd rather go for the Rafale given Dassault's lesser valuation. Furthermore, Saudi Arabian exposure could be a risk on a go-forward basis due to political tensions around oil. Aukus and the Ukraine war do create tailwinds from increased defense spending,...

In the commercial market space, Boeing's mainstay 737 is racing to recover lost ground from Airbus. New airliner options from China's COMAC and Russia's United Aircraft in the coming years will intensify competition. In the military market space, Airbus is aided by its flexibility...

Bombardier does great for the full-year, with incremental growth coming from highest end jets. Aftermarket contribution also relevant with flight hours exceeding by 20% the pre-COVID level. However, larger cabin demand is more at risk to Russian sanctions, with larger cabins being...

The defense market is more than resilient, it is booming with tensions in Europe. Our private jet thesis was spot-on. Jet activity is even higher than 2019 and backlog has shot up. The Rafale is one of 2021's best-sellers, with headline figures not including over 100 Rafales order...

Dassault is still very undervalued, and now, European nations are upping their defense budgets starting with the least trigger happy nation of them all: Germany. The Rafale is what European nations need as they start taking a cold war more seriously, which is what we're in now. 6t...

Markets are definitely seeing a slowdown in exuberant activity, with the activity in M&A and also results in tech being our favourite leading indicators. Inflation is also a concern to investors and the economy, and could result in a bear market if it continues to run rampant. ...