Carlsberg: Now A 'HOLD,' I'm Out (Rating Downgrade)

2025-07-13 04:08:41 ET

I've been covering Carlsberg (CABGY) (CABJF) for some time, and fairly recently (less than 1-2 years ago) went positive, and invested quite deeply into the company, more than 2% of my total portfolio. Since purchase, the stake has seen an impressive rate of return relative to the market. This is exactly what I look for. While it may be said that the company could go significantly higher than it is today, I also want to nuance that forecast by saying that the industry in question (beverages) is quite a volatile one. It's therefore not wrong to take your profits when you're able to do so. Typically, when a business goes from very low to relatively high, as Carlsberg has done in the last 6-9 months, there's reason to consider your approach. I personally sold above 940 DKK, then again at 910 DKK, and my position is now gone....

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