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SWGAY - Balta: The Perfect Example Of A Death Spiral
Swatch Group AG ADR
Introduction
In this edition of the Focus on Europe series, we are having a closer look at a small-cap (110M EUR market cap) in Belgium that doesn’t even have an OTC or pink sheets listing. Its IPO in 2017 was hyped, but the share price has lost approximately 80% since then as all hopes and dreams have been crushed.
Did you miss the previous edition of Focus on Europe where Bpost’s (BPOSF) financial results were discussed? You can re-read that article here.