Fruity returns with Total Produce
Channel: Investing made easy
Date: 29/01/2016

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This time, stock picking was easy. On the Obermatt top 10 list of Ireland, Obermatt CEO Dr. Hermann J. Stern found a produce distributor with presence in all of Europe. This appeals to Stern. He likes fruits and vegetables in his food and he thinks more and more people will do so in the future. In addition, it is an industry that is most likely less affected by the digitization of everything. We can't eat our mobile phones. This is why Stern bought Total Produce, an Irish company with 3 billion Euro in sales.

This time, Stern opted for a company of the size “L” while he typically buys larger companies in the XL and XXL category. Stern did this because he already owns almost 20 stocks. A smaller stock with its higher risk is not a problem if it represents just a small part of the portfolio.

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