The stock price has tumbled again despite posting decent H1 results. In our opinion, it is apt to consider some of the new JV-related information as part of core operations (estimated henceforth, although at a declining pace), but the majority of the JV-related concerns (in turn the health of the French operations) are unfounded. Casino should be able to bounce back with sustained top-line momentum and a subsequent reduction of net debt over the next few quarters. We reiterate our Buy recomme
14 Aug 2018
Decent quarterly results; stock near the inflection point
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Decent quarterly results; stock near the inflection point
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
14 Aug 2018 -
Author:
Nishant Choudhary -
Pages:
6
The stock price has tumbled again despite posting decent H1 results. In our opinion, it is apt to consider some of the new JV-related information as part of core operations (estimated henceforth, although at a declining pace), but the majority of the JV-related concerns (in turn the health of the French operations) are unfounded. Casino should be able to bounce back with sustained top-line momentum and a subsequent reduction of net debt over the next few quarters. We reiterate our Buy recomme