Update December 15th, 2020: I sold all my shares at 3.145€. Gain: +13.7% (excluding taxes and trading fees).
As explained in my blog post regarding personal finance, I invest in the stock market. In the "stock pick" series, find out which stock grabs my attention.
Catana group ⛵️
Catana Group designs, constructs, and markets pleasure boats in France and internationally. It offers catamarans under the CATANA and Bali brand names.
Why did I chooste to invest in Catana group?
- Revenues increased by 6.4% in 2020 regardless of COVID-19.
- New boat sales grew by 11% (against 2019) and represent 90% of the group revenues.
- They improved product line with 2 brand-new models.
- To date, the group has an order book that already guarantees nearly €60 million of revenues for 2021.
- Catana group has attracted the attention of many trend followers in France.
What is my position?
I bought shares today - the 19th of November - at a unit price of 2.765€. I plan to sell at 3.00€ for an 8.5% ROI.
To know more about my personal finance decision, check out this blog post.
Personal finance: lesson 101
Personal finance coverage in formal education 📚 is very low whereas poor
personal finance hygiene can have a massive impact on your life. Many of my friends have above-average incomes (engineers, consultants,
entrepreneurs...) and yet have a history of bad decisions about their personal
finance. …
Paul-Mehdy's blog
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.