Stock Jumps 29% on Earnings Prompts Profit Booking
Less than two months from its Spinoff on March 23, 2020, Electrolux Professional’s AB (EPROB SS) first earnings results beat expectations and shares jumped +29% on the day, touching our target price. While our long-term positive outlook is maintained, in the short-term EPRO could face some headwinds ahead in FY20, particularly because of the pandemic. As a result, we will continue to keep EPROB SS on our watchlist for re-entry opportunities in the future.+29% Jump on First Earnings Since its Spinoff / Prompts Profit Booking
Bolt-On Acquisitions to Continue / Acquired UNIC, a French Expresso Manufacturer in April 2020
Delisting of EPRO Class A Shares From the Bourses / 1:1 Exchange of Class A Shares for Class B Shares
Long-Term Positive Outlook Maintained / Target Prices Remain Unchanged
EPROB SS to Exit Our Model Portfolio at the end of Today’s (May 7) VWAP Holding
The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.
The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.
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