bullish
Lanxess Ag (LNXSY) - Friday, Aug 23, 2024
SUMMARY
- Lanxess has seen a decline in share price due to various factors, but recent developments indicate a potential return on investment of over 30% in the next 3 years
- CEO Matthias Zachert has focused on selling off cyclical and competitively disadvantaged businesses to focus on higher value-added products, strengthening the company's position
- Lanxess received a significant cash inflow from the sale of Currenta and Warren Buffet's 3% stake in the company shows confidence in its transformation and future potential
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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