The Investment Doctor
Long/short equity, value, debt, base metals

Brederode - A Belgian Holding Company Trading At A Discount Of 28% To NAV

Introduction

In this article I'll have a look at Brederode (OTC:BSODF), which is a Belgian holding company investing in mainly European large-caps and private equity. I will start with an introduction to the company, move over to have a closer look at the portfolio and discuss its latest financial results. Thereafter I'll explain why I think the company should be trading at a smaller discount to NAV.

As trading on the US exchanges is quite limited, I'd recommend to trade in Brederode shares through the facilities of Euronext Brussels, where the company is listed with ticker symbol BREB.

Executive Summary

In this article I'll explain why Brederode is undervalued. Most investors think the company should be trading...

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