March 31, 2017

The Sky's the limit: Buying Meggitt in England

Besides Switzerland, Germany and the Scandinavian countries, England is one of the most market-friendly countries in Europe. For this reason, Obermatt CEO Dr. Hermann Stern finds it easy to choose a stock from the FTSE 100, because it is the most important stock index of the United Kingdom.

He's surprised to find Meggitt on the index, a company from the military sector that is rather cheap.

That is a good sign because he expects that Europe will increase its military power after the Americans have been demanding this more and more. And after all, we have a lot of European values to defend.

After taking a closer look at Meggitt, Dr. Stern noticed that the civil aviation industry is an important branch for this company. This is an area where he's expecting a lot of growth in the future.

Last but not least, Meggitt is over 100 years old and has an impressive history.

All of those are reasons that speak for a long engagement. He's buying Meggitt because the financial metrics are all good and what he saw on their website convinced him as well.

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