I have it on my watch list. Just do not really understand why the supposedly undervalued. I think construction is the last thing to invest in at the moment.
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@KleinviehmachtMist absolutely right. That's why we're currently in a dry spell. Looking to the future, there will be more construction. Real estate prices are already falling slightly.
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1Yr
@KleinviehmachtMist Um, for example, because of the expensive interest rate environment, construction, for example, is being unfairly punished right now (this is, after all, the classic credit-financed area). Maybe there will be an interest rate increase of 0.25%, maybe not. The investments, i.e. revenues for the construction companies, are merely postponed, not cancelled, which is why I believe that stable companies such as Steico may be worth getting into now. In the long run for sure.
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