2024-04-19 06:08:35 ET
Summary
- Covestro has outperformed the S&P 500 by almost 5% since the beginning of 2023 but has lagged behind since early 2024.
- The company's financial highlights for 2023 were solid, but weak global demand and declining end markets have impacted its performance.
- COVTY remains a cyclical investment with potential upside, but the current outlook for the macro environment remains uncertain.
Dear readers/followers,
Covestro ( COVTY ) outperformed the S&P500 by almost 5% since the beginning of 2023, but has lagged the index since early 2024 and since I last offered coverage on the company back in November 2023. You can find my last article on the company here.
As I've said before when I covered Covestro, this is a good company - but is a cyclical business with exposure to various industries, though still manages good margins and profitability....
Read the full article on Seeking Alpha
For further details see:
Covestro: Barely A 'Buy' After The 2023 Performance