I think it’s a mix of both effects (not buying as much and copying) but this type of sector is known to be cyclical so my gut feeling tells me buy on bad news:
https://finance.yahoo.com/quote/UHRN.SW/news/
Didn’t do any research regarding the price of 30 but it feels good to buy at such a low price which has last been seen around 15 years ago. Last time I bought it was at 48 so I want to even it out a bit.
Here’s the FASTgraphs for Swatch who those interested in it.
Fun fact: had you bought it at the beginning of 2004 for CHF 148.50 you would have garnered an annualized return (including dividends) of 2.84%.*
As already mentioned the company is cyclical but expected to grow earnings again in 2025 and 2026. The thing I like least about it is that analysts have revised down the expected earning from six months ago to three months ago and to their last / current estimate.
* Well, substract the taxes you would have paid on those dividends collected and your return is likely a little lower.
Interesting, but we talka about UHRN. Does it make any difference? (I suppose not for the company, but yes for the dividends.)
They seem to trade alongside each other:
I suppose one has voting rights and the other does not.
Which is another thing I don’t like about the company: the Hayek family owns the one with voting rights and despite being an overall minority shareholder basically governs the company.
That exactly is a bright red flag. My gut feeling is that the Hayek family wants to see the shares tank, then will make a low-balled offer to buyout the company and take it private. They have a long history of despising the stock market and don’t even have an investor relations.
