2024-02-09 08:00:00 ET
Summary
- Hexagon AB has seen a 25%+ return on investment based on its undervalued status and solid earnings growth history.
- The company has faced short-selling attacks but has proven to be in a good financial position with organic growth and strong margins.
- Hexagon's reorganization and focus on key segments show potential for future growth, but its current valuation may not be as attractive as before.
Dear readers/followers,
In this article, I'll update my case and thesis on the Swedish company Hexagon AB ( HXGBY ). You can find my last article on this particular company here, and you'll find that I was at a "BUY" recommendation with what I consider to be both high clarity and conviction, where I added shares myself.
The return here has been an impressive 25%+, because I beat the market quite handily with this investment based on the approach of valuation investing, where I identify undervalued businesses and put money to work, waiting for the market to realize its mistake....
Read the full article on Seeking Alpha
For further details see:
Hexagon: Moving Into 2024 With 25% RoR, But Too Expensive (Rating Downgrade)