Dassault Aviation: Actually An Interest Rate Story Now

Matthew Horwood/Getty Images News Dassault Aviation (OTCPK:DUAVF) has been a company that we’ve followed for many years now. It’s always had a very large cash balance, owing to the very tight family control on the company, and the desire to keep the company eternally solvent, despite perennial profitability and obvious structural growth post Ukraine War. Now it is a rate story, and the outlook on ECB rates are a critical earnings driver. Moreover, Thales (OTCPK:THLEF) is another important consideration for equity accounted earnings growth, together with rates countering the supply chain issues. Finally, we comment on the possibility of deals…