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Is there any important news why the stock crashed so hard ?
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@Juliannnnn The Yacht sinking that was in the News two weeks ago concerns one of their boats. Not sure if it‘s connected because the stock decline only happens now, but it could be that they face some sort of consequences, either legal or in terms of their reputation. It looks unlikely from all I know, but unlikely doesn‘t mean impossible.
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@DieEnte7 (we can write in German 🙃😉)
That could be. As far as I know, the reason the yacht sank was not a fault of the yacht or its construction.
What do you think of the share?
I think it's spot cheap and wonder if I've missed something 🤔.
I like the management, the balance sheet, the growth, the strategy.
I see the competition as the biggest risk factor.
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@Juliannnnn I think the share is a good addition to the portfolio. As you have already written, the valuation is really attractive and in my view the share could easily cost €14-15. But you also have to bear in mind that shipbuilding is a difficult business even when the order situation is good, see Mayer Werft, which for me is the only "problem" with the share. That's why it's more of an add-on than a substantial position. Nevertheless, a good company. :)