Investors Get Frothy Over Italian Coffee Machine Makers
- Bialetti and De’ Longhi restarting rally, analyst says
- Sector valuation still blurred by Italy’s political risk
A Moka Bialetti coffee maker is displayed during an exhibition in Milan, Italy.
Photographer: Pier Marco Tacca/Getty ImagesThis Article is for Subscribers Only
When it comes to Italian espresso-pot designers, investors may be ready for a double shot.
Shares of Bialetti Industrie SpA and De’ Longhi SpA, the two firms best known for making and selling the aluminum stove-top machines, still have upside after a frothy run, according to North Square Blue Oak Ltd., a boutique investment bank which scans the market for attractive bets on behalf of hedge funds and institutional investors.