Valuable companies, but not value stocks. ;-)
Except for possibly Handelsbanken, which is a pretty amazing bank. (Has been historically, anyway; they've made some changes recently which may make it less good. Still possibly the top pick, but now the Wallenberg bank SEB is also a strong competitor.)
Evolution is a wonderful co. trading at fair value, it seems to me. If it gets down to around 1000 SEK again, I'll be a buyer. Have sold most here around 1300 SEK.
Sandvik is a fine co. too. I prefer their newly spun-off specialty steel division Alleima. The price has spiked recently, though; at prices near/below 40 SEK, I'm again a buyer.
I'm definitely a net seller of stocks in general, currently. Swedish stocks have recovered in a way that I consider unreasonable. In Sweden, CPI is still running wild (at 12.5 % currently). However the Central Bank interest rate is just 2.5 %. Seems to me that there's a lot of upside in interest rates, if CB should decide/need to raise it... And not a lot of downside. It appears that we have been given a new chance to sell off, if we missed the opportunity in 2021. Near ATH again, but this time, the world is in a much worse shape than it was the last time. |
