Positive
Seeking Alpha
3 days ago
Solid Fundamentals, Cyclical Downturns Have Led To New Purchases
Dassault: Despite solid fundamentals, cyclical downturns have led the share price to decline nearly 40% from its peak, providing the opportunity to purchase shares. Hexagon is poised to see an inflection in return on capital employed (ROCE), cash flow, and share price over the long term. We were happy to purchase Targa shares at a discount to peers based on normalized earnings power and our estimate of intrinsic value.