2024-02-07 08:00:00 ET
Summary
- Saab, a Swedish defense contractor, is benefiting from increased demand in the European defense segment due to geopolitical tensions.
- The company has a strong history and government support, but its valuation is considered to be overpriced.
- Saab has a diverse portfolio, including aeronautics, dynamics, surveillance, submarines, and IT, with a backlog of over 150 billion SEK.
Dear readers/followers,
When it comes to Swedish companies, few garner as much international attention as Saab (SAABY). My last article on the company, which you can find here, was the first-ever coverage of this particular business on Seeking Alpha for me. What also hasn't changed since my first coverage is that I do not own any common shares of Saab.
I went ahead and wrote some attractively-price CSPs (cash-secured Puts) a few months back, but these ended up going out of the money when they expired....
Read the full article on Seeking Alpha
For further details see:
Underestimating Saab, But I Don't See More Upside Here