BAE

Weakness is a chance to buy for 2014

BAE..weakness a chance to buy for 2014 UAE Rules Out Eurofighter Deal is clearly -ve for sentiment although not sure it was in many peoples numbers Still in negotiation with the Saudis on the price inflation agreement on ongoing contract. Still very likely that gets done in the next few months Looks more like a…

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ATOS

Undervalued unloved... One for 2014

Compelling three-year plan starting 2014 Balance sheet improvements with early redemption of convertible and settlement of the Dutch Pensions Recently won IT services provision contract for the Olympic Games until 2024 The big catalyst for 2014 is the World Wide IPO Positive X-Read +ve from the Accenture call “We’re seeing signs of momentum across our…

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KPN

Time to buy

Its cheap on various metrics and too cheap vs the sector 4.5x EBITDA vs the sector on more than 5 Potential -ve catalust out the way yesterday – the EC are keeping control of the e-plus/O2D decision The main bear case has been tele2 being a disruptive entrant into the dutch market They cant even…

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COMMERZBANK

Time to buy for the long-term

I don’t really understand why people are willing to buy distressed banks in Europe with weak economies behind them but have no interest in one with a world  power behind it… Leveraged into German domestic demand which from todays PMI shows that domestic demand might take over from exports as a driver. It is one…

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EDENRED

Looking risky into tomorrow's Investor day

Investor day tomorrow and most analyst are bullish on them.. (11 buys 8 holds and only 4 sells) Well worth keeping an eye on the headlines coming out of the Investor day.. It is a good company but ST i feel they need to accelerate earnings given how it has re rated and any form…

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