ARMK - Elior: An Easy Restructuring Story Trading At A Discount To Competitors
Elior's (ELROF)(ELORY) share price has been in free fall following disappointing results in the last few months and a change at the helm of the company. It seems that this wave of disappointment, combined with the arrival of a new CEO, has worried investors about further business deterioration and profit warnings. However, earnings have been hurt by exceptional events (strike, weather...), and the guidance has been lowered by the new management team which significantly reduces future disappointments. Moreover, the new CEO has clearly announced that they will stop being aggressive on