We're posting notes from the Sohn London investment conference 2016. Next up is Elif Aktug who is the Agora Fund Manager at Pictet Asset Management and pitched long Leonardo (BIT:LDO), formerly known as Finmeccanica.
Elif Aktug's Sohn London Conference Presentation
Long Leonardo (BIT: LDO)
Leonardo has had a name change and used to be Finmeccanica.
The company is primarily a defence contractor manufacturing helicopters for military and civil use and global defence electronics. The transportation business has been sold off.
Margins have held up well between 11-12%. They have a strong order book. It is cheap compared to other defence contractors. Leonardo has a high-quality management team.
Be sure to check out the rest of the Sohn London conference presentations here.
Monday, December 12, 2016
Elif Aktug Long Leonardo: Sohn London Conference
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