The numbers always prevail beyond the theme

Vestas (the Denmark headquartered maker of wind turbines) holds a lot of inventory on its books.

It’s equal to 35% of it market capitalisation or 45% of its annual revenue.

This helps explain why its stock price has been struggling.

It seems it either has some discounting ahead or is relying on a raft of orders to move that stock out.

On a positive note, Vestas has ample stock available for buyers looking to secure supply immediately.

While investors may like the renewable energy theme or a host of other ‘hot’ topics, the price being paid for that stock always matters.

I always remind myself that in the absence of value, price is questioned.

if you don’t think this is the case, then water never finds its true level.

November 3, 2022

by Rob Zdravevski

rob@karriasset.com.au