Kone Corporation (KNEBV-HEL)

(A Top Pick May 20/22, Up 6%)

It all-time peaked in 2021, so he sold half and took profits. Then, Putin invaded Ukraine a year ago, so he bought that back as the Euro weakened. This has been a winner for him over a long time. Elevators as a whole have done well--a recurring revenue business with net cash.

(A Top Pick Feb. 10/17 Up 16%) One of the largest escalator and elevator companies in the world. The manufacturing side of the business has benefitted from growth in China. The service side is the most profitable part of the company. He sees this as a good way to participate in global economic growth. It trades on the Pink Sheets in New York as well. Yield 3.6%.

(A Top Pick Feb 10/17, Up 15%) New construction and maintenance of elevators and escalators. New construction has largely been in Asia but Maintenance is very profitable. He continues to like it.

A global elevator company. The dividend has risen substantially. In the last couple of years, it has been relatively dead money, but now we are starting to see an expansion of the global economy, so he expects it to start to move again. Cash reserves exceed all liabilities by a considerable margin. A good growth stock on urbanization. Countries like China and India need more elevators, and this company has the market share in both countries. Dividend yield of 3.4%. (Analysts’ price target is €44.00.)

A Finnish elevator manufacturer. A cyclical business, but very well-run. He prefers Halma (?) out of Britain which makes sensors and smoke detectors. It generates considerable free cash flow that can grow 10% a year in revenues bottom line and dividends.

(A Top Pick April 26/12. Up 39.85%.)

(A Top Pick Aug 26/11. Up 30.39%.) (Helsinki exchange) 4^th largest elevator and escalator company globally with a big presence in China and India. Have 2 businesses. Building elevators and escalators and servicing them. The big profit margin is in servicing. Still a Buy.