Bigger, stronger and cheaper than when we made 53% profit

Sep 25, 2024

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The last time this stock was in our portfolio, we earned 53% in just 8 months. The company is now bigger, stronger, and... cheaper.

It’s currently trading at only 0.74 times its tangible book value, a level that was only lower during the 2008-2009 financial crisis.

Meanwhile, the company has less debt, a more international profile, and a broader range of products, including innovative electrification and hydrogen-powered solutions.

The reproduction value, meaning the cost a competitor would need to build a similar company, is twice its current market price.

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