Do you want to own a share in the German heavy industry?

Of the more than 300 companies listed in the strictly regulated Prime Standard of the Deutsche Börse , one comes pretty close to the P/E of one: Salzgitter AG from the city of the same name in the northern Harz foothills. The value of the company on the stock exchange is currently estimated at almost 1.2 billion euros. Profit after tax tripled in the first half of the year to 781 million euros. 

That means that the P/E of Salzgitter approaches 1. So probably it will pay a very nice dividend. Is it a buy? Yes, to the point that German heavy industry is facing a really hard future, because of the price of energy, and the rise of the dollar (aka American imperialism). 

Think! 

PD 13-10-22: The speculation with Salzgitter involves many expenses: Shekel to Euro + commission to my bank + commission to German bourse agent + then: the reverse operation to shekel. I need to spend 5-6% just to start.