After some back and forth, I have parted with $TISG (+0,07 %) . In my view, the sinking of one of the yachts and especially the management in the aftermath of the accident created new risks that I didn't want to take. Instead, I opened a position with $REC (+0,3 %) which I have been flirting with for some time. It's a much more defensive investment, but I don't think that's wrong in this market phase. The company's latest reports read like 1a, and I think the recent price setback is a good opportunity. In the long term, I think pharma is a solid investment anyway.
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