Esso S.A.F. – less attractive at a second glance
After having quickly analysed “Magix Six” stock Esso S.A.F a few days ago with some encouraging results, I dived a little bit into the company.
Despite beeing a subsidiary of ExxonMobil, the homepage is “french only”.
Luckily, I managed to understand at least the two investor presentations they have on their website.
Both, the 2011 and the 2010 show a quite depressing picture.
value and opportunity 