Su Fuoco: Italy, Finmeccanica, Piaggio And CIR by GreenWood Investors
Speed Read:
- The Italian economy is recovering quickly and leading economic indicators are accelerating
- Yet, it has been the second-worst performing index in the world so far this year, opening up tremendous opportunities for global investors
- Finmeccanica has been thrown out with the bathwater, yet is outperforming its restructuring targets by a mile. Valuation remains @ crisis levels and ignores future restructuring opportunities
- Scooter and motorbike sales are on fire (su fuoco) and Piaggio is launching important new products for the segment that needs to quadruple just to get back to pre-crisis levels
- CIR Group is buying back stock at a discount of greater than 50% of NAV while all of its key investments are going to have...
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