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I think that depends on what I'm trying to illustrate There's a lot of pensions and savings tied up in Novo stock, so a potential downturn would have a catastr
by Scandiravian 3y ago
I think that depends on what I'm trying to illustrate
There's a lot of pensions and savings tied up in Novo stock, so a potential downturn would have a catastrophic impact on the danish citizens
The danish economy is, to a large extend, dependent on the stock price of Novo, not its revenue
- nabla9 3y agoAsset values should be compared against asset values. Novo Nordisk makes 17% of Danish stock index. Vestas and DSV are both 10% (Foreign investors' ownership of listed Danish shares is over 50%, so I assume the situation is similar to NN when you remove the foundation owned stocks)
- Scandiravian 3y agoI'm honestly not sure if you're trolling here - you seem to purposefully be missing the point and I'm honestly not sure what you're trying to achieve here If a country's largest company based on market cap is bigger than the next 50 companies combined, is the most popular stock among the countries retail investors, and is the current sole driver of economic growth in said country, that's a significant risk Making a comparison between the value generated in a country compared to the total price of a company is a way to illustrate how massive the company actually is - same as when making a comparison to how many years I'd need to work to have earned as much as Jeff Bezos net worth