Recent Buy: Fortum Oyj

There has been relatively many positive factors for Fortum lately. Uniper posted solid results, Fortum is getting positive publicity – well some negative as well for the coal usage – and Inderes increased target price today to 17 EUR per share. Share price hasn’t really noticed any of these so I bought additional 67 shares for 14.96 EUR per share. Considering the future potential, company metrics and overall state of the economy this appears to be very acceptable valuation.