1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7846) 

Invesco European Growth Fund Comments on DCC PLC

Guru stock highlight

May 19, 2017 | About:

DCC PLC (LSE:DCC) was the most significant individual contributor to fund performance during the quarter. The oil-fuel distributor reported operating results in line with consensus expectations, but more importantly, announced a material acquisition of Exxon Mobil Corp.’s (not a fund holding) retail petrol network in Norway. Though DCC is no longer priced at what we consider a bargain-basement valuation, the company has a talented, long-tenured management team and an exemplary capital allocation record that suggests significant potential for additional energy-distribution acquisitions.

From European Growth Fund first quarter 2017 commentary.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


doug.quailLong Term Candidates
bjackscreener nou 3
bjackscreener nou 2
bjackscreener nou
jimshiSP500_rsi_35_AVE200
pbarker46Begin here 3
DBrizan2017sep22 1045p
davidprocidaRuleOne
davidprocidaRuleOneScreener
andrewgu999nick scali style
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK