London Sohn Conference 2022: Lexcor Capital Buy This French Stock

At this year’s London Sohn Conference, Nicolas Gourdain of Lexcor Capital presented the aerospace group Dassault Aviation as his most attractive long. The group was founded in 1929 and is one of France’s most prominent aerospace companies. It remains a family-controlled business meaning its managers “take a very long-term approach to everything they do.” Gourdain noted that the defense industry has “high barriers to entry” and “GDP plus growth,” which are incredibly desirable qualities for any company. Further, a strong balance sheet and high research and development spending levels have helped the company build and maintain its edge in the…