Adidas : More favourable momentum already in Q1, estimates and target price raised
>Back to double-digit growth in H2 2024 - On Wednesday, adidas released final 2023 results in line with prelims. and confirmed the 2024 outlook which it issued at the end of January. From the conference call, we note: 1/ CEO Bjorn Gulden is confident on the product pipeline. 2/ Q1 2024 sales could be up 3-4% y-o-y. 3/ In H2 we should see double digit growth. Overall, this is positive as it implies that adidas is on track to accelerate momentum and regain lost market s...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.
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