SELL: ECROS SA Today I sold Ecros SA for roughly +63% which I bought (almost) a year ago (June 4, 2020). As of today, it would not make it into my screen again. Here a short description of the business: It really had a nice run lately and most likely would survive the Momentum Screen (see chart below). However, that and a recent income decline also made it pretty expensive on a EV/EBIT and PE basis. Short: a classic multiple expansion Value trade.
Share this post
Rebalancing May 18, 2021: Selling Ecros and…
Share this post
SELL: ECROS SA Today I sold Ecros SA for roughly +63% which I bought (almost) a year ago (June 4, 2020). As of today, it would not make it into my screen again. Here a short description of the business: It really had a nice run lately and most likely would survive the Momentum Screen (see chart below). However, that and a recent income decline also made it pretty expensive on a EV/EBIT and PE basis. Short: a classic multiple expansion Value trade.