For me, a player like HPQ is more like a cyclical company. So I expect them from time to time to not necessarily straight away make a loss but when they're like economic stress to not sell a lot. And for me, HPQ makes the cut. Although I believe that what we have seen over the last four, four years, let's say, they're aggressive buyback also a lot via debt. In my opinion was actually quite smart. If you looked at the multiples at the time, I think they have been doing a textbook example of smart buybacks at the time. But again, my investment thesis was around a strong cash flow generation and their ability to
In this week's episode, we discuss 5 companies in our portfolios that we don't feel comfortable owning going into a recession.
News of the week includes Novo Nordisk Market cap which now exceeds Nestle. And Unilevers Shrinkflation on Ice cream.
Companies mentioned From EMF are HPQ, Danone, BASF,
The companies mentioned by EDGI are Omega HealthCare and 3M.
Reference Material -
chowder rule Archives - European Dividend Growth Investor (europeandgi.com)