First month in the US market update

Rampage on The Street

Wall Street went on a rampage in the month since I migrated to the US: +6% for the pure-play geospatial index.

It wasn’t all sunshine and roses. Oracle dropped dramatically, with the database subindex contributing -30% of the overall monthly move.

Valuations at the extremes remain stable. Usual suspects from China are the overvalued ones. I’m going to stop mentioning them. Fugro remains in the cheap companies list. Along with Strabag they’re worth a look by disciplined/value investors looking for returns via multiple expansion.

NOT YOUR FIDUCIARY

NOT FINANCIAL ADVICE

NOT A LAMBORGHINI OWNER