Luxembourg, April 3rd 2019. 36 Square Capital has taken an important stake into Daimler (XTRA:DAI). Based in Stuttgart, Germany, Daimler makers Mercedes-Benz and Smart cars, commercial trucks and vans, and buses. Brands include Mercedes-Benz, Freightliner, Western Star, Fuso, Setra, and Orion. Find more information here
The fundamentals give enough margin of safety to hope on strong value return. The weighted purchase price was at 52.083 EUR while the calculated intrinsic value at around 69-80 EUR per share while having a high dividend yield above 6%.