We reiterate our investment case on Rexel (Buy, 39% upside). We believe the stock has corrected more than warranted, as investors’ concerns regarding the macro-economic uncertainties and Amazon’s encroachment on the B2B distribution market have eclipsed the ongoing operational efficiency in the distributor’s business. The current level offers an attractive entry-point for mid-long-term investment, in our opinion.
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Down but not out
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
22 Aug 2019 -
Author:
Mohit Rathi -
Pages:
3
We reiterate our investment case on Rexel (Buy, 39% upside). We believe the stock has corrected more than warranted, as investors’ concerns regarding the macro-economic uncertainties and Amazon’s encroachment on the B2B distribution market have eclipsed the ongoing operational efficiency in the distributor’s business. The current level offers an attractive entry-point for mid-long-term investment, in our opinion.