CARREFOUR : is set to recapture market attention thanks to Abelio Diniz ,Moulin Family ,IPO projects and possibly Dilma Rousseff
Where is the spice ?
• The CA share has already given back 27% from last September €32.00 high, reflecting well-flagged worries over French and Chinese business trends
• The growing involvement of the above-mentioned experts :
- demonstrates their confidence in business & valuation outlook
- bring to the table valuable expertise and connections in a fast-changing world
• The materialization of 3 IPO projects -France ,Brazil and Turkey- would also help recapturing market attention
• The stock would be a natural winner of a potential “post-Rousseff rally” ,as the group is the “leader in Brazil grocery retail” with a business :
- representing ≈ 15% of worldwide revenues
- remaining spectacularly dynamic despite currently-adverse macro conditions