17 September 2008
Zodiac: to support the dollar
Green. The renewed vigour in the face of Dollar Euro restores the strength to export values as well as companies operating in a world where the dollar remains the currency of reference ... This is the case of aeronautics where Zodiac is among the companies quality. The current financial crisis offers investment opportunities in this type of cases at price levels not related to fundamentals. It will however be cautious in the short term because it is very difficult to know how far the game of dominoes will continue after the bankruptcy of Lehman Brothers, the sale of Merrill Lynch and the nationalization of Bear Stearns, Freddie, Fannie and AIG States United. The situation is changing very rapidly and the stock indices panic ...Accounts. On the year 2007/2008, the company has continued to evolve on a solid pace of growth in billings. The organic growth came out at 10% over the period with an acceleration in the last quarter. The aerospace market remains well oriented with order books filled. Zodiac is thus succeeded in winning contracts nice with customers who are recruited on both sides of the Atlantic. The company is also very active in terms of external growth with the resumption of actors working on niche niche ... Driessen the global leader trolleys, was recently acquired.
Objectives. Zodiac confirmed its annual objectives in terms of profits. The rising U.S. currency represents a very positive point for the group, while parity Euro / Dollar average over the year 2007/2008 was 1.50. Even if the share price has already resumed, the potential remains important on this issue with fundamental quality and value very little demanding. We therefore believe that despite the uncertainties of the stock market, we can keep the action Zodiac portfolio already recommended to lower levels.
by erectusplus at 19:19:00 |
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