2024-04-27 07:51:13 ET
Summary
- Securitas AB has consistently underperformed the market due to operational issues, making options plays a favorable strategy.
- The company's profitability has been affected, but gross and operating margins are slowly improving.
- Securitas has made progress on digitalization, optimizing the value chain, and exiting non-core low-performing markets. I view the company as a "BUY" here, though not a cheap one.
Dear readers/followers,
I've been covering the company Securitas AB (SCTBF) (SCTBY) for a number of years, and maintain as of today a continued position in the business that I believe may generate a solid sort of return - at some point. The company's profitability has been affected, but gross and operating margins are slowly improving. That's been the trend at least for the past few quarters - and we have some trends and updates which the company reported recently, has seen this improve even further.
In this article, I seek to deconstruct the latest set of news and trends and look at what could be seen from Securitas over the period of the next 3-4 or so years....
Read the full article on Seeking Alpha
For further details see:
Securitas: A Turnaround May Finally Be Here