This is exactly what the Rheinmetall CEO did.
In December 2020, Armin Papperger bought around 13,000 shares at €78.24 - i.e. for just over €1 million. Back then, hardly anyone was talking about the armaments boom. The "turnaround" had not yet been proclaimed. It was a classic conviction investment.
At the later all-time high of around € 2,008 per share, the package would have been worth € 13,000 × € 2,008 = around € 26.1 million. → Book profit of around € 25 million or almost +2,400 % return.
A machine like the Panther. $RHM (+0,93 %)
