Showing activity for the sake of showing activity? We hope this will not become the new CEO’s mantra. Despite Beiersdorf’s huge cash pile, management will quickly learn one can spend a euro just once. We believe the announced acquisition of Bayer’s odd brand Coppertone is not a bargain but rather a perfect fit for the established businesses. However, we have some doubts on the business volume that has been provided.
16 May 2019
Snow White needs a prince
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Snow White needs a prince
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
16 May 2019 -
Author:
Martin Schnee -
Pages:
3
Showing activity for the sake of showing activity? We hope this will not become the new CEO’s mantra. Despite Beiersdorf’s huge cash pile, management will quickly learn one can spend a euro just once. We believe the announced acquisition of Bayer’s odd brand Coppertone is not a bargain but rather a perfect fit for the established businesses. However, we have some doubts on the business volume that has been provided.