Shares of the defensive beverage distributor are down more than 50%. An investment opportunity?
On 4 May 2020, during the first wave of the COVID-19 pandemic, we took a position in C&C Group at a share price of 185 pence. By that point, the stock had already fallen more than 50 percent since the start of the year, which in our view unfairly placed it among the market’s written-off names. The concerns were understandable:
Portfolio Update, Current Outlook
We’re seeing more and more investors embrace our investment strategy: buying undervalued stocks under 10 euros with serious upside potential. The stock Rolls-Royce, on which we’ve achieved nearly 1,000% gains, is clear proof that you can turn a nickel into a dime. In this update, we provide a clear overview of the positions we currently hold in the Sharesunderten.com portfolio.