October 23, 2015

Umicore of Belgium: Recycling Batteries

I bought 100 stocks of Umicore (Belgium) for my European stock portfolio using the Obermatt Top 10 List of the Bel20 index from September 11, 2015.

The rationale: The Belgian chemical conglomerate Umicore is in the business of recycling batteries, which has a good future with the world going electric. In addition, the financial analysis from Obermatt shows high value, growth and safety ranks.

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