Long term holding. Control and produce ~8% of world copper production. Expecting higher demand of copper with greening/electrification of economy. Would not be surprised in 2x demand of copper. Excellent balance sheet with strong revenue stream. Every 10 cent move in price of copper equates to ~400MM in cash flow.
Excellent company that continues to improve. Internal combustion engine demand has remained strong - even with electrification demands. Margins are profits remain strong. Weak valuation presenting a lot of opportunity for investors at this price. Excellent stock buyback program, and capital allocation.
Ability go generate revenues very strong. Technology widely used across the globe. Very high margins and ability to generate revenues. Move to digital payments also good for the business. Very strong "moat" with brand name, and tech stack. Consumers appear to still be strong. Would recommend holding for the long term.
Leading tech company in travel tech space. Part of US small cap portfolio. Has a relatively small weighting - so investors should be aware of risk in small cap companies. Able to generate high margins due to low capital requirements. Demand for travel continues to improve after pandemic. Trading 10x earnings, and 5x EBITDA. Geopolitical risk in Brazil, but overall a strong company. Will continue to own.