Picanol

We feel like a BUYER on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger

PIC.BR (ISIN: BE0003807246)

Picanol NV is a Belgium-based company engaged in the development, production and sale of weaving machines and other high-tech, industrial products, systems and services.

Market: Euronext Brussels

http://www.picanolgroup.com

Gain over the quarter: +10.1 % 

Fair value: 92 €

Discount: 6%

Average yearly return: 43%

Outperformer

On March 1, 2017:

Picanol FY sales up 20.8 pct at 639.78 million euros