Bic’s stock price has been under pressure for the past few quarters. This is despite the CEO (Gonzalve Bich) pressing ahead with a time-bound plan to turnaround the business. While the 2022 margins could witness some pressure, it is a non-structural issue in our opinion. The performance improvement plan is on track, plus management is potent enough to sustain top-line momentum during the mid-term. A cheap valuation (both fundamental and relative) also adds to the investment case.
16 Mar 2022
Better prepared for the coming times!
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Better prepared for the coming times!
- Published:
16 Mar 2022 -
Author:
Nishant Choudhary -
Pages:
3
Bic’s stock price has been under pressure for the past few quarters. This is despite the CEO (Gonzalve Bich) pressing ahead with a time-bound plan to turnaround the business. While the 2022 margins could witness some pressure, it is a non-structural issue in our opinion. The performance improvement plan is on track, plus management is potent enough to sustain top-line momentum during the mid-term. A cheap valuation (both fundamental and relative) also adds to the investment case.