Concrete from Heidelberg - boring business or?
❌✅✅✅✅ Today's biggest loser on the German DAX30 Exchange was Heidelberg Cement Group! Heidelberg is a smaller town south of Frankfurt, famous for its research and closeness to several university campuses such as four Max Planck institutes. HeidelbergCement AG though is a multinational building materials company such as concrete (#2 producer in the world in concrete) and asphalt. The company is immense with 57.000 employees and 3.000 production sites. The price closed today at €74.60 , -4.04% today, the 52-week high was €81.04 and the 52-week low was €38.83! At the moment, the stock price is too close to the high mark, so I wait! ❌ The 1-year development has been +87% , the 3-year is -7% , the 5-year and 10-year are +1% and +58% ! Interesting, if you held the stock for 10-years, you would have made an upside of +50%, excluding dividends! Let's look how the long term trend looks like in a chart We see a long-term trend, which found some kind of support in the €40 mark, and...