TLDR: NewPrinces’ FY 2025 numbers were, on the face of it, very good.
I guess the perceived risk is about General Supermercati becoming a black hole eating most of the earnings if the turnaround fails.
Currently I think the market has priced in that this business will not be very profitable in the near future on a cash flow level, which I think they will surprise us!
I guess the perceived risk is about General Supermercati becoming a black hole eating most of the earnings if the turnaround fails.
Currently I think the market has priced in that this business will not be very profitable in the near future on a cash flow level, which I think they will surprise us!