RNSDF - Renault: Entering Deep Value Territory
Renault (RNSDF) is setting the stage for a flow of significant news in May. Expect a re-commitment to its Japanese Alliance via a cost-saving plan and detailed Nissan (NSANY) restructuring, coupled with a plan to reduce operating fixed costs at its core business. With the current share price seeming to focus on accounting EPS numbers rather than the group's cash flow generation, effective implementation of these measures could prove a catalyst for share price performance from here. Furthermore, with the recent market turmoil bringing the Renault stub valuation into significantly negative