At the 2024 Value Investing Seminar, Vitaliy Katsenelson, CEO of Investment Management Associates, presented his insights on various investment opportunities, particularly focusing on European defense stocks and commodities.
European Defense Stocks: A Lucrative Opportunity
Katsenelson highlighted the significant potential in European defense stocks, with a particular emphasis on the British defense contractor BAE Systems plc (LON:BA). He pointed out that Europe's geopolitical landscape has drastically changed, particularly with the ongoing Russian aggression, leading to increased defense spending across the continent. This shift has benefited companies like BAE Systems, which provide critical defense infrastructure, including submarines and ships....