3 ms·
That stock is slightly down over last month even with this press release 5 days ago, so the larger investment community seems less than sold on this news... On
by majormajor 2y ago
That stock is slightly down over last month even with this press release 5 days ago, so the larger investment community seems less than sold on this news...
One wonders if people on that committe would naturally be more inclined to trade in the defense industry; like how people on HN seem to have a lot of SV tech investments.
- dralley 2y agoPeople tend to overestimate the profitability of defense contractors. Operating in a heavily boom-bust market, with high capital expenditures and high operating costs (the entire supply chain and final manufacturing is done almost exclusively in high cost-of-living western countries), and dealing with massive quantities of politics and regulation eats away at those margins. And Rheinmetall is in Europe, not America, where all of these things are 100x more true.