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From a risk mitigation perspective, you should hold a diversified portfolio. This means stocks in different sectors as well as in different countries.

One the sector and country that I am currently hunting in are US listed companies.
Constellium SE (NYSE:CSTM) is a global aluminum company that IPOed in 2013. It had a challenging performance during the first few years. But the past few years' results seem to suggest that it has turned around.

But CSTM is a cyclical company. It should be analyzed and valued based on its performance over the cycle. On such a basis, I found that there is no margin of safety. I also have concerns about its profitability and financial strength. I would not invest in CSTM.

CSTM is a global leader in the development, manufacture, and sale of highly engineered, value-added specialty rolled and extruded aluminum products. The company has 3 major business segments with major operations and markets in Europe and North America.

Constellium IPOed in 2013. It had a challenging performance during the first few years. But the past few years' results seem to suggest that it has turned around.

Constellium's 6.8% CAGR in revenue over the past 10 years hides the low shipment growth. Its growth in selling price was also very much lower than that of aluminum.

CSTM is a cyclical company, and any analysis and valuation should be based on its performance over the cycle.

On such a basis, there is no margin of safety. I also have concerns about its profitability and financial strength. As such, this is not an investment opportunity