The last Swiss stock with value: Givaudan
Obermatt CEO Dr Hermann J. Stern writes about his latest European stock picking activity
Read the article or watch the video.
How is that possible?
Well, It is because Switzerland is expensive and Obermatt only allows companies on its Top-10 lists that have ranks above 50. As a result, we sometimes have less than 10 stocks that meet these criteria.
Out of the 20 SMI companies, only Givaudan has a combined rank that meets the 50 rank threshold. All the other Swiss stocks are too expensive to make it to the Top-10 list. That leaves me with just one stock to buy, which I am doing it for the simple reason that I want one more Swiss stock in my portfolio.
See Givaudan on the current Combined Investment Strategy Top-10 list: October 7, 2016; Swiss Market Index SMI, Switzerland.
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