Today we made a conservative pick with Deutsche Post AG. From fair value perspectives this firm could be undervalued.
It is a well known firm and we do not expect that especially the logistics part of the firm (DHL) will decline a lot. On monthly basis the stock is making a descending triangle and will decide to go one way or the other.
It is “just” a solid company which pays dividend and helping our portfolio as some sort of counterweight with more speculative stocks.
So we bought the stocks @39,91 and sold calls @44 Mar21´25 and @48 Jun20´25, time will tell.