2024-04-16 03:25:27 ET
Summary
- Vonovia: a business model from hell, but a valuation from heaven? Not in my opinion.
- The company faces risks such as high debt burden and government regulations on rent control, limiting potential returns.
- Interest rate cuts are the company's lifebuoy though and might put Vonovia's shares significantly higher.
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For further details see:
Vonovia: The Implicit Interest Rate Bet Keeps Me On The Sidelines