Walldorf Dip

1Sem.

🦊 …In my opinion, the stock has hit rock bottom. …And the company is in excellent financial health and highly profitable. …And its capital reserves are sufficient to continue enhancing itself, its business model, and its product in a meaningful and forward-looking way.

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9

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Chris@Psychedelic_Sunflower

6J

Wow, what's going on with SAP?! Down nearly 50% in just one year. It looks really bad if you look at the full chart: down nearly 10% since 2006.

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1

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Endurance@MozartsGeist

6J

@Psychedelic_Sunflower I added an SAP position (90%) to my portfolio in September 2017 at a price of €91. Since the beginning of the year, I’ve been buying more shares whenever the price dips. Could you elaborate a bit more on your thoughts regarding SAP’s fundamentals? Thanks in advance!

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Chris@Psychedelic_Sunflower

6J

@MozartsGeist I don't have any strong opinions about SAP, since I don't own any individual shares. I'm just wondering how it's possible that Germany's largest public company hasn't delivered any returns in 20 years (including dividends, you'd probably be slightly in the black, but that's hardly worth mentioning).

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1

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jkb92@jkb92

6J

@Psychedelic_Sunflower The answer is "saaspocalypse." There are plenty of examples in this sector where your observation holds true—or even more so.

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G_Capital@G_Capital

6J

@jkb92 …and that's exactly right—it's an industry-wide problem!

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G_Capital@G_Capital

6J

@Psychedelic_Sunflower …over the past 20 years, there have also been gains of several hundred percent “+.” …the future is shaped only by the past. What really matters is what’s happening right now. …and at this very moment, I find this sector very interesting—and that’s exactly what I’m betting on. Every company evolves over time, adapting and refining itself to remain successful. The advantage is that $SAP, $CRM, and $ORCL can afford this and finance it without going under. …And sometimes the market is just the market—hard to understand—that feeling comes up when companies race from one record to the next and then see their numbers drop sharply. …I’ve seen it differently, too. BUT: Everyone decides for themselves!

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1

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But the Stock Picked Me@But_the_Stock_Picked_Me

1Sem.

Why did you buy it, and why right now?

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jkb92@jkb92

1Sem.

@But_the_Stock_Picked_Me The day when people realize that AI isn't (yet) going to take over all software is getting closer and closer :)

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6

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Endurance@MozartsGeist

1Sem.

@But_the_Stock_Picked_Me Check this out

https://getqu.in/L5gz9Y/ https://getqu.in/L5gz9Y/

AND:

https://getqu.in/IcQDDb/ https://getqu.in/IcQDDb/

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Endurance@MozartsGeist

1Sem.

@jkb92 That's how it is 👍

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Tom@Tomtom12

1Sem.

At 115, I'll take a closer look at them

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jkb92@jkb92

1Sem.

@Tomtom12 I'm going to go out on a limb here and say that once you check this out, you can cross it off your to-do list. I think it’ll go up to 130€ at most, or 120€ in an extreme case. But the software sector ($IGV) has already found some initial support. Of course, it depends on the overall market, but I wouldn’t be surprised if we’ve already seen the lows.

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1

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jkb92@jkb92

1Sem.

@Tomtom12 And one more question: Let's take $ACN and $WKL as examples—they've been lumped together when it comes to the AI scare trade. Why did you already buy more of them if you're expecting another 15% dip at $SAP?

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Tom@Tomtom12

1Sem.

@jkb92 Because I distinguish between valuation and quality. ACN and WKL have already been hit hard due to AI concerns. I think the market is being too pessimistic there, so I’m taking advantage of the weakness to buy more. SAP is also a quality company, but it has held up much better and, in my view, isn’t yet valued at an attractive level. That’s why I’d rather wait for another pullback of about 10–15%. If that doesn’t happen, that’s fine too—I’d rather buy good companies at reasonable prices than chase every price move.

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1

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Endurance@MozartsGeist

1Sem.

@Tomtom12 Don't you think that SAP, in particular, has been hit hard recently?

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jkb92@jkb92

6J

@MozartsGeist I see. What do you think of $INFY?