2024-02-14 07:30:26 ET
Summary
- Aurubis' investment performance has been lackluster, but I remain heavily invested and expect to add to their position.
- The company's 1Q23/24 report showed expected challenges, but operating EBT came in above €100M.
- Aurubis is facing some negative trends, but I believe the company has a bright future with strategic investments and projects.
Dear readers,
My investment in Aurubis (AIAGF) (AIAGY) thus far has been lackluster. The combination of thieving and an expected downturn in the 2024E fiscal has really sent this German cyclical lower, to where my position is now in the red even with dividends and FX included in the calculation.
In this article, I'll be updating on Aurubis and tell you why I am still investing heavily into this business, and expect to add to my position as it hopefully keeps declining further, upping the yield here and making the company more interesting. As I said before, the decline in the company does not bother me. It would do so if the overall implication was that I on a 5-10-year basis paid far too much for this investment, but that is not the implication that we currently have for the company....
Read the full article on Seeking Alpha
For further details see:
Aurubis: This Company Has A Significant Reversal Potential