Report
Andreas Riemann

Adidas : adidas share price affected by German press articles

>adidas share down 3% after being up 20% - Yesterday, the adidas share was down 3% after two articles in the German press. 1/ The German newspaper Fraenkischer Tag reported about a study attesting a "high-risk" for both adidas and Puma of selling products made by Uyghurs using forced labour. Based on adidas’ comment which is shown below we see only a very low likelihood that this will lead to fines/sanctions for adidas and Puma. 2/ adidas CEO Gulden spoke to German Ha...
Underlying
Adidas AG

ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Andreas Riemann

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