Welcome to the depot, $WAF (-3,88%)!

Siltronic is a wafer manufacturer from Germany. My PF is very $NVDA (-1,69%) very US-heavy, so I was looking for another turn-around candidate from this, our country.

The stock has taken quite a beating in recent years and I am hopeful that the worst is over, partly because of the increased focus on international production facilities. The valuation with a P/E ratio of around 16 seems favorable to me.

And because I'm no longer the youngest, I'm also looking at dividend stocks. If everything goes well, I benefit from the yield and a rebound. If things go badly, I hope there will at least be a nice dividend.

Investment horizon: 3-5 years.