Skanska Q2 2020: Skanska Stabilizes, 160 Of Its Projects Don’t
I was curious when the time came to look at my construction company stakes – of which there are two major ones, both domiciled in Sweden. Skanska (OTCPK:SKSBF) is by far the largest of these two, and as such merits the initial attention.
The stake is almost 5% of my portfolio and has been a reliable and positive dividend payor for years – unfortunately, and in line with most European stocks, the company cut this recently due to COVID-19.
Let’s look why the market considers 2Q20 such a dud.