French banking giant Societe Generale (OTCPK:SCGLY)
continues to post the sort of performance that puts the stock firmly in
the “cheap for a reason” camp. Although second quarter results were
better than expected pretty much across the board, the core results
weren’t as strong and the company is falling short of its own modest
targets. Although the stock sports a high yield, low multiples, and very
low expectations, it’s tough to see what will break this company out of
its malaise short of another turnover in management or a more serious
merger approach from a company like UniCredit (OTCPK:UNCRY).
Click here for more:
Societe Generale Still Treading Water And Going Nowhere Fast
No comments:
Post a Comment