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ALVVF - Being Bearish And Bullish At The Same Time On Colruyt Group
Altice Europe N.V. - Class B
Introduction
After checking last week on how Fnac Darty (OTC:GRUPF) is doing as one of the major electronics and consumer appliances chains in Western Europe, my attention this week was drawn to the Colruyt Group (OTCPK:CUYTF) (OTCPK:CUYTY) which saw its share price lose almost 25% in the past few weeks. Hardly a surprise as I will show the Belgian supermarket chain was already quite overvalued, and I feel there’s more downside risk from here on due to ongoing pressure on the prices and the entrance of a new