Recent Buy: Fortum Oyj

Corona is hitting hard and that’s likely to continue for months. This is also ¬†affecting Fortum which is in interesting position with Uniper considering the fact that they are also soon changing CEO soon. That’s a shame as I’m quite a fan of the current CEO Pekka Lundmark. It remains to be seen who will take his position but I’m sure the board will find a proper replacement. Change might even be a good thing with all the turmoil in Uniper during this acquisition.¬†Now that Uniper is also moving on with hydrogen, it has become even more interesting. Being a fan of falling knives I decided to buy 60 shares for 16.65 EUR per share. Smallish starter position but perhaps I manage to buy more in coming months. Current market is finally presenting some decent valuations. I’m especially looking into Aflac, Sampo, 3M and Abbvie. Lodging sector is also one to watch as it has been hit really hard but I suspect that it will not correct itself quite as quickly.