Henkel: A Decade Of Disappointment, Yet Still A Compelling Value Case

Core Viewpoint - The analysis emphasizes the importance of investing in high-quality companies with competitive advantages and defensibility, particularly in the European and North American markets [1]. Group 1: Investment Strategy - The focus is on companies that can outperform the market over the long term due to their economic moats [1]. - The analysis does not limit itself to market capitalization, considering both large cap and small cap companies [1]. Group 2: Personal Investment Decisions - The company sold its position in Henkel a few months ago as part of a portfolio restructuring, prioritizing debt reduction over maintaining the investment [3]. - Despite selling the position, the company still views Henkel as a solid investment opportunity [3].