AEXAF - Atos: Looking At What Remains
2024-05-03 10:06:14 ET
Summary
- I review my investment in Atos, acknowledging that the company is currently in a negative position.
- The main issue with Atos is its high debt and cash burn, which hinders its ability to access the market.
- I believe that an agreement with creditors and financiers is likely to happen, but warn of potential significant dilution for existing shareholders.
Dear readers/followers,
Reviewing Failure is perhaps the most important thing an investor and analyst can do. No single investor or analyst will ever have a 100% success rate - I view this as an impossibility. While we can certainly try to analyze and estimate, and work with every source and fundamental we have, at some point, things will slip through the cracks, or a company will not manage its failures or its headwinds as we've been seeing or expecting.
In this article, I will be reviewing Atos ( AEXAF ). You may know that I've been positive, then negative, then positive again on the company, and my original article from 2022 was positive at the time of my last piece, which was also when I divested a portion of my investment in the company. I covered the business in late 2022/going into 2023, and you can find that specific article here, with my most recent article on the company found here. At this time, however - the company is in the negative, and quite significantly so, and what position I have is down significantly....
Atos: Looking At What Remains