Deep Value, Special Situations, Contrarian, Long/Short Equity
Contributor Since 2013
Educated as a PhD in Engineering and a MSc in business administration, I enjoy crossing the line between technology and commerce. Professional life so far spend in R&D management, as a business unit CFO, corporate strategy and now again R&D management. Value investor by heart; focusing on businesses that I think I have enough knowledge to understand second level dynamics at least.
For my taste, the valuation looks very solid and a lot of in-depth research has flown into this. Comparing this with my own valuation, resulting in a price target of 21-28 USD, we are in the same ballpark, with the following notable differences:
Read the full study here: http://www.more-ir.de/d/16065.pdf
The company will publish figures for the quarter ending Dec 31, 2017 tonight (Feb 1, 2018). The historic KPIs look as following:
Disclosure: I am/we are long CLVLY.