I've stumbled upon a new stock pick.
Sofina is a holding company which invests 80% of its holdings in private equities of fast growing businesses (e.g. digital transformation). They have close relations with Silicon valley so they have some privileges that normal firms don't have. These private equities are European companies with global exposure. We all know Europe is now very undervalued and we should take advantage of this undervaluation.
Extremely high profits at a PE ratio of 7, so very undervalued.
On top of that, private equity is generally cheaper than public equity at this time.
Sofina is a holding company which invests 80% of its holdings in private equities of fast growing businesses (e.g. digital transformation). They have close relations with Silicon valley so they have some privileges that normal firms don't have. These private equities are European companies with global exposure. We all know Europe is now very undervalued and we should take advantage of this undervaluation.
Extremely high profits at a PE ratio of 7, so very undervalued.
On top of that, private equity is generally cheaper than public equity at this time.
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