re: NHY (Norsk hydro):
Spekulatius, perhaps you may be understating the potential strength of the company's ancillary activities when you say, "Basically an oil stock with some Aluminum and Fertilizer business mixed in."
They say they are "one of the three major global aluminium companies", and "the world’s largest supplier of mineral fertilizers and the only company with a strong (mineral fertilizer) presence in every part of the world."
I'd say that historically there's not been too much volatility owning this stock, but book value keeps climbing, p/e is relatively low, and dividend is generally growing. Or, as you stated, "A very solid but unexciting company."
I've stated my opinion that there are drawbacks that I see that I can't quantify or really understand to owning companies domiciled in China or Mexico: so I'll say the same about NHY, which I view as Norwegian company whose controlling stockholder is the Norwegian government. The government's priorities may not be congruent with those of small, foreign shareholders.
Anyway, I agree with your analysis, Spekulatius, and I'm in for a starter amount too, as of today. (Not that my agreement should be construed as a validation of correctness. After all, I've been wrong many, many times!)
Paul S.
hydro.com |
