Jun. 13 at 2:46 PM
$RNMBY is a very strong buy imho.
The rearming of Europe is just getting started. Germany is the first country to move their spending up to 3.5% GDP, but it won't be long or they'll move it up to the 5% GDP NATO norm.
Most countries currently are at 2% GDP, which means that we should see military spending more than double the coming decade.
Rheinmetall is already heavily production constrained, but they're massively investing in expanding their production capacity. WIth an order book of over 300 Billion, and much more coming in over the coming years, they'll be primed for massive growth.
I also expect lots of consolidations to happen in the European military industry over the coming decade, improving margins even more drastically.
This is just getting started.
