October 23, 2015

Umicore of Belgium: Recycling Batteries

Dr. Hermann J. Stern of Obermatt bought 100 stocks of Umicore (Belgium) for his 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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