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P/E ratio and P/B ratio look like a very favorable valuation. When the economy picks up again, there is plenty of potential 📈
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German second-line stocks have been struggling for some time.
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I only recently bought more. If the economy picks up and steel prices rise, this could be a very exciting stock. On the other hand, I once read somewhere that an oversupply of steel is expected by 2030. The energy crisis is of course also having an impact, especially on German steel stocks. Valuation is currently very favorable, of course. Therefore an addition with potential, but also slightly higher risk. You can do it, but don't overweight it. That would be my brief assessment :)
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