CPYYF - Centrica: This Value Trap Could Become A Cash Cow
Investment Thesis
I am "neutral" on Centrica (CPYYF) (CPYYY) [LSE: CNA] as the growth opportunities and the streamlining of the company face great uncertainty caused by the business transition and the COVID-19 crisis.
Company Summary
Centrica currently operates in the UK, Ireland, and North America. In 2015, it launched a detailed strategic review which determined that Centrica's future lay in its customer-facing businesses. This was a U-turn from the previous decade where they pursued a plan of sector consolidation and international expansion. Since its inception (33 years ago), Centrica has been a constituent of the