2024-04-13 02:03:19 ET
Summary
- Metro AG has faced divestments, issues, and structural problems in the past 5 years, including exposure to Eastern Europe.
- The company has seen some improvement in profitability, but still faces challenges with its business model.
- Metro AG aims to reach €3B in marketplace sales by 2030 but has struggled to achieve significant bottom-line growth.
Dear readers/followers,
Metro AG ( OTCPK:MTTWF ) has been one of those stocks I have been following for quite some time - but never really bought. It's been on a rollercoaster of divestments, issues, and other structural problems for the past 5 years. The Russian invasion of Ukraine was another problem for the company given its significant exposure to Eastern Europe.
Over the past few years, the company has seen some reversal in its fortunes and in its overall profitability. However, there remain some issues related to the company's business model that are not easy to "fix" in a short time, and which has been the primary reason why I have stayed out of the investment at this particular time....
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For further details see:
Metro AG: I See A Suitable Entry Point - But Not Now