1. Investment thesis
adidas (ADDDF) (ADDYY) is a sports apparel company from Germany and constituent of the German DAX30. Its market capitalization currently stands at €46.12 bn (as of 06/15/20) after an impressive gain of over 230% (since June 2015) and over 400% since June 2010.
adidas obviously managed to profit from the global fitness boom and major sports events like the Olympic Games 2012 and 2016 and the FIFA Football Word Cup 2014 and 2018. The company also satisfies the growing demand for basketball shoes and sportswear. Because the German DAX30