BASF (OTCQX:BASFY) is a conservative core holding in defensive portfolios which reliably delivered above average shareholder returns over the last decades. The cyclical nature of the business creates attractive buying opportunities from time to time, particularly for long-term oriented investors. Such opportunities have occurred a few times during the past year, and the stock was again affected by the market turmoil in Europe which was triggered by the Greek crisis.
BASF is the world's largest chemical company and a member of the German DAX index as well as the Euro Stoxx 50. Although the name BASF has not changed, the company's portfolio has undergone a steady transformation over the course of the years. Today the business...
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