Investment Analyst

Chris Choi

Equity Bottom-Up

<p>I recommend longing XXL ASA, a sports retailer, which currently trades at NOK 99 per share as of 12/30/16, because it is undervalued by 42%, the market has underestimated the growth opportunity of the company.</p><p>Catalysts to increase its share price in the next 1-2 years include 1) continuous new store openings in Nordics and central Europe, 2) margin expansion and 3) strong growth of E-commerce.</p>

I recommend longing XXL ASA, a sports retailer, which currently trades at NOK 99 per share as of 12/30/16, because it is undervalued by 42%, the market has underestimated the growth opportunity of the company.Catalysts to increase its share price in the next 1-2 years include 1) continuous new store openings in Nordics and central Europe, 2) margin expansion and 3) strong growth of E-commerce.

XXL ASA(XXL.OL) A Sports Retailer with a Strong Growth Profile in Nordic Region.

Norway

XXL ASA is a multi-sports retail store. The Company operates its stores throughout Scandinavia.

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XXL ASA (XXL NO)

XXL ASA(XXL.OL) A Sports Retailer with a Strong Growth Profile in Nordic Region.

I recommend longing XXL ASA, a sports retailer, which currently trades at NOK 99 per share as of 12/30/16, because it is undervalued by 42%, the...

Chris Choi

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)