I'll put Henkel (HENKY) on my watchlist for a buy if stock will drop a little lower.
Have occasionally looked at it over the years, but it's always seemed too expensive for me. At current price it's still expensive (to me), but less so than what I've seen. I sort of understand a higher p/e multiple here, because the company sells a lot of consumer consumables like Dial soap, detergents, beauty products -- and these gnerally go for higher p/e multiples. HENKY is then one of these stocks where the business is intact, big enough (53,000 employees according to Yahoo), diverse enough - geographically and product-wise, to be a survivor and maybe thrive. I'd buy with intention of holding for several years.
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Off topic: Wife and I subscribe to MHZ (https://mhzchoiceblog.com), and we enjoy watching all the many European, English-subtitled, TV shows. Wife reviews her French with French TV shows. Surprised how enjoyable it is for me to hear German being spoken in context of a crime story (TV shows like Tatort, Wilsberg, Ellen Lucas, Borowski). I just basically have high school German from half century ago, so I miss most. I do get phrases, and that's fun for me. As when I hear the detectives interview a witness or suspect and the person says, "keine Ahnung" (I've no idea) or "Ich weiss ist nicht" (I don't know) -- maybe because those were embedded in my memory from my responses to my high school German teacher's questions to me. Haha.
... German - a great language. Sorry I didn't appreciate it all then and continue with my studies to gain some fluency. |
