The planet may be warming up, but I still don't appreciate winter any more. It starts with the end-of-year celebrations where you have to put on a smile. Then, we move on to January, which they now want us to spend "dry" and February, during which all we're waiting for is the nice weather and the annual results of the companies. It's endless.
Fortunately, the Chinese have invented a new game to pass the time. Nothing like a virus to create a bit of excitement on the markets. Emerging markets have lost 8% since the beginning of the year, while gold has gained 3% and US Treasury bonds 5.5%. That's still a lot for a microbe. Sure, it has taken the lives of 361 people in just over a month. That's still too many. However, for comparison, seasonal flu can kill more than 650,000 people a year worldwide. I have never seen people rush to pharmacies to buy protective masks, states quarantine entire cities and financial markets freak out with each new case reported because of the flu.
This reminds me of the mass hysteria caused by H1N1 in 2009. Governments, companies and individuals had bought protective masks in bulk, which they were able to throw away a few years later because they had expired. Too bad they don't last longer...
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Financial markets always find a new hot topic, if the coronavirus had not arrived it would have been interest rates or Trump's latest tweet.
As for protective masks, it makes me laugh since it is scientifically proven that they are useless, and yet with each new epidemic they sell like hotcakes! At least it has the merit of raising my IVF Hartmann shares…
These shocks are also good for the stock markets, which are still very expensive. I took the opportunity to buy myself some Kühne+Nagel today. Ah, the dividend season is slowly approaching 🙂
Ah but I hadn't thought of going to see IVF Hartmann... LOL! One man's misfortune is another man's gain...
It's starting to seriously stink... market records are attracting new small investors en masse, with more than 1,000 account opening requests per week at Swissquote
https://www.rts.ch/play/tv/19h30/video/les-marches-atteignent-des-sommets-historiques-et-incitent-la-population-a-simproviser-trader-?id=11071080
It reminds me of 20 years ago…
But I can't wait for this big panicked bass to buy quality at a good price!!! There are still some valuations at a fair price, even if few in number... well seen @dividinde for Kühne+Nagel 🙂
Does anyone know "SFS Group"? It's a company that makes screws, has little debt and has had a growing EPS for several years; it seems interesting...
As Savary says in the report, the market is massively supported by liquidity. There seems to be little else to invest in but stocks.
What makes me laugh is Trump puffing out his chest because the market is breaking records and unemployment is at its lowest, even though he has nothing to do with it, and because he has been exonerated, even though he was judged by the majority of his peers. No comment.
I looked at SFS Group. I didn't know it. I like this style of company (boring business type), but I find it expensive. The 2019 figures are still missing, but if I base it on the other years, we are at 30 times the FCF. Nice gross margin and low debt on the other hand, indeed.
Thank you AGU
I like to buy solid boxes like Kühne+Nagel when their price is being martyred. I am also very happy with LUKN which I have been recommending for months and which is finally going back in the right direction.
I liked SFS at 70 fr but much less at more than 90 fr. Currently I prefer Bossard, active more or less in the same sector and much cheaper. On the other hand, you have to be aware of the very cyclical side of Bossard and that its price can quickly jump in any direction!
Indeed, LUKN is heading in the right direction 🙂 Bossard is also great, even if I prefer to favor a company with less debt. If SFS could return to 70.- that would indeed be even better!
nice LUKN indeed
I can't wait to see the 2019 numbers
The 2019 results were already published on February 4th and overall they are (as usual) top, especially in the current situation with interest rates.
The dividend has remained stable, however it will be offered this year in the form of a nominal value reduction = zero tax, which ultimately amounts to a nice increase in net passive income 🙂
That explains the surge!
It's Tesla's current valuation that makes me laugh!
Oh you too? Never a single profit, team! It reminds me of biotechs and internet startups in 2000…
And especially no dividend!!! What a lack of manners 😉
As my math teacher used to tell me, zero x zero is still zero 😉
But I think maybe they send invoices to their shareholders…?
Tesla's market capitalization is higher than that of Toyota, Volkswagen and Renault combined. The 3 manufacturers sold a total of 24.27 million units in 2019 compared to 367,000 vehicles for Tesla in the same financial year...
This promises to be turbulent...
Who still believes in the theory of efficient markets? …