I have been pondering this question myself as my cost avg is similar and I was looking for a CAGR of 20% for the next five years and already got it.
Very timely. According to everbodys hero Buffett the best time to sell an excellent business is never. Hard to argue that ASML is not an excellent business. No doubt not a great investment at these levels but wow.... what an amazing company.
Since we’re speaking about anchors I’d like to add that the Chinese because of their long term thinking and planning have created the best corporate sector in the world and due to the U.S.’s anti China boogeyman propaganda, the Chinese stock market truly offers unparalleled opportunities for risk free value investing if you are an admirer of Warren Buffett and Benjamin Graham’s principles. These are growing companies with impeccable balance sheets trading at negative enterprise values.
If you’re interested check out my post on undervalued risk free Chinese net nets and undervalued stocks. I hope it provides value to you
I believe ASML is currently a bit ahead of the fundamentals but its monopoly position will always attach a premium on the stock.
Therefore, the main question is whether it can maintain this position in the next decade? I believe it can.
ASML started developing EUV Lithography in 1990s and it took two decades to get mass orders. On the way, it established great connections with hundreds of suppliers and convinced them to create parts that didn’t exist before.
These are not easy to match. ASML will maintain its dominance.
Great article! Thank you, Leandro.
You are welcome!
Thanks for this deep dive. Well done.
Not really a deep dive but thank you very much! Glad you liked it!
I have been pondering this question myself as my cost avg is similar and I was looking for a CAGR of 20% for the next five years and already got it.
Very timely. According to everbodys hero Buffett the best time to sell an excellent business is never. Hard to argue that ASML is not an excellent business. No doubt not a great investment at these levels but wow.... what an amazing company.
Agreed with all that you said!
Great read! Thanks!
Thanks for reading! You are welcome!
Since we’re speaking about anchors I’d like to add that the Chinese because of their long term thinking and planning have created the best corporate sector in the world and due to the U.S.’s anti China boogeyman propaganda, the Chinese stock market truly offers unparalleled opportunities for risk free value investing if you are an admirer of Warren Buffett and Benjamin Graham’s principles. These are growing companies with impeccable balance sheets trading at negative enterprise values.
If you’re interested check out my post on undervalued risk free Chinese net nets and undervalued stocks. I hope it provides value to you
https://open.substack.com/pub/dragoninvest/p/undervalued-and-net-net-investments?utm_source=app-post-stats-page&r=53xvwu&utm_medium=ios
Still a buy?
I do think so yes.
Thx.
I believe ASML is currently a bit ahead of the fundamentals but its monopoly position will always attach a premium on the stock.
Therefore, the main question is whether it can maintain this position in the next decade? I believe it can.
ASML started developing EUV Lithography in 1990s and it took two decades to get mass orders. On the way, it established great connections with hundreds of suppliers and convinced them to create parts that didn’t exist before.
These are not easy to match. ASML will maintain its dominance.