Quick news: WMF, Walmart, Praktiker
I do not really understand how Capvis could profit from an exchange, unless they already have bought a lot of Pref shares. Then it would be a good deal for them.
Interestingly, the Pref shares now more or less are back to the level of the regular shares.
Maybe time to sell on good news ? Q1 numbers seem to have been really good. For the time being: no action.
Walmart issued unexpected positive Q1 numbers today. Here I will definitely ue the momentum and sell the shares at today’s VWAP.
For some reason I do not believe in the US recovery story, at least not for “physical” retailers. Even if Warren is still buying…..It was never a “high conviction” play anyway, although it made good money.
Praktiker seems to have found an U Hedgefund for its “secured” loan, US Hedgefund Acnhorage. Although it is too early to assess, the downside scenario for the bonds would now be of course more severe, however the proabality of a deafult is lower. No action yet.