Casino’s Q4 performance was impacted by pension strikes in France. Recent controversy about parent entity Rallye’s debt repayment proposal has also dented the investor sentiment. While we do not see any structural issue in the French operations, the company is also well-enough equipped to aid its parent to honour the obligations (considering the plan is approved by the court). We continue to believe in management and maintain a positive stance on the stock.
29 Jan 2020
Sailing in choppy waters, again
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Sailing in choppy waters, again
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
29 Jan 2020 -
Author:
Nishant Choudhary -
Pages:
4
Casino’s Q4 performance was impacted by pension strikes in France. Recent controversy about parent entity Rallye’s debt repayment proposal has also dented the investor sentiment. While we do not see any structural issue in the French operations, the company is also well-enough equipped to aid its parent to honour the obligations (considering the plan is approved by the court). We continue to believe in management and maintain a positive stance on the stock.