Kurt Kara: Two companies sold and one new one added to the portfolio

Kurt Kara and the team behind Maj Invest Value Aktier provide an update on the portfolio in their January 2024 update.

About the portfolio they write, among other things:

In January, we sold Japanese Tokyo Electron completely out of the portfolio […]. Likewise, we sold American eBay, which continued to disappoint on an operational level. Instead, we bought a position in AutoZone after a drop in the share price, seeing the opportunity for a higher return on capital relative to eBay despite a higher P/E multiple at the time of purchase.

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