Puma, An Interesting European Stock

Bjorn Zonneveld
1.41K Followers

Summary

  • The USD has been rising significantly.
  • Puma gets almost 30% of its revenue from the U.S. but reports in euros.
  • My price target for Puma is €74.31.

Puma shoe and sock on the riverbank

PhoThoughts/iStock Editorial via Getty Images

Lately, the U.S. dollar ("USD") has appreciated significantly against the euro. This makes investing in U.S. companies a little less attractive than investing in European companies. For this reason, I have been using screeners to find high-quality stocks that (preferably) report in euros but get

This article was written by

1.41K Followers
Graduated from one of the top business schools in Europe with an MSc in Finance and passed CFA level 1 in May of 2024. I focus on stocks with a strong competitive advantage and a strong management team. I am currently revising my own portfolio and own 9 stocks as well as some ETFs. After revision I aim to have between 10 to 15 stocks and a few broad ETFs.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PMMAF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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