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Category: Uncategorized

Too hard to ignore

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K+S is the dominant producer of potash destined for the western European market and a European leader in salt production. The company generated an estimated free cash flow of 1 bn EUR in 2022. In comparison to its a market cap of 4.2 bn Eur, K+S looks extremely undervalued. Estimated dividend yield is 7.5%. The … Continued

Weakening US profits

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The truth is in the pudding: S&P 500 companies have been showing last quarter the weakest earnings performance since Q3 2020, with earnings down 2.8% y-o-y. Also US companies are surprising to the upside in earnings by only 1.6%, the smallest magnitude in 15 years. This is surprising to the extent that the US corporate … Continued