Hi Oliver,
Do you see the current sell-off as just profit-taking, or are there now more doubts regarding the valuation and margins?
In any case, I’ve taken some partial profits, so the position size has been reduced back to 3%, but I still think the fundamentals are sound.
I’d love to hear your thoughts.
Best,
Do you see the current sell-off as just profit-taking, or are there now more doubts regarding the valuation and margins?
In any case, I’ve taken some partial profits, so the position size has been reduced back to 3%, but I still think the fundamentals are sound.
I’d love to hear your thoughts.
Best,
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@pivot_code Hello! I see the pullback as a combination of several factors. Part of it is certainly profit-taking and the current weakness in the robotics sector. At the same time, however, there are also valid concerns regarding the ambitious valuation, margin trends (see the FY2026 report from May 13), and increasing competition (e.g., SKF). We shouldn’t ignore these factors.
For me, however, this hasn’t changed my long-term investment thesis so far. I’m not investing in Harmonic Drive for the next few quarters, but because I continue to see precision drives as a potential bottleneck for Physical AI. Whether this thesis holds true will become clear in the coming years. I’m staying invested. Best regards, Oliver
For me, however, this hasn’t changed my long-term investment thesis so far. I’m not investing in Harmonic Drive for the next few quarters, but because I continue to see precision drives as a potential bottleneck for Physical AI. Whether this thesis holds true will become clear in the coming years. I’m staying invested. Best regards, Oliver
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