2024-03-15 14:42:36 ET
Summary
- Acomo has been plagued by bad performance at one of its subsidiaries, Tradin, in 2023.
- In the recently published annual report, it can be seen that many of the company's other segments reported wonderful results while being dragged down by Tradin.
- Acomo and its new CEO are taking strong action in order to solve the problems at this subsidiary, which could quickly and strongly impact the company's bottom line.
- I believe Acomo has an upside of at least 30% and maybe much more if the company plays its cards right in 2024.
Dutch nuts and spices trading company Acomo ( ACNFF ), previously also known as Amsterdam Commodities, published its full-year 2023 report last week, and although the results were relatively solid, they were dragged down by bad performance of a single segment: the organic segment in the form of the company Tradin, which was acquired in 2020. Although 2023 wasn't Acomo's finest year, in this article I argue that many of the company's current headwinds can be expected to subside during the coming years. Also, Acomo has made serious work of reducing its leverage: the debt required for the acquisition of Tradin in 2020 has been reduced....
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Acomo: This 6.5% Yielder Looks To Have At Least 30% Upside