In today’s briefing:
- NAFCO (2790) – Big ToSTNeT-3 Raises Obvious Questions
- Paris Miki (7455 JP) – Corrected Vision – Is This A Setup For an MBO?
- Choice Hotels: The Mega Merger Moves: Inside Choice Hotels’ Bold $8 Billion Play for Wyndham!
- Natura & Co: See How This Cosmetics Giant Is Unlocking Sustainable Shareholder Value!
NAFCO (2790) – Big ToSTNeT-3 Raises Obvious Questions
- On Friday 26 January, NAFCO Co Ltd (2790 JP) announced Q3 earnings and a large Buyback Program to run from 29 January through 31 March.
- While the company is having A Very Bad Year, this buyback raises obvious questions. The size is interesting given the float and the shareholder structure.
- Those interested in SmallCap Events might take a look. There are very short-term and slightly longer-term implications.
Paris Miki (7455 JP) – Corrected Vision – Is This A Setup For an MBO?
- The situation at Paris Miki has been relatively non-salutary the last many years til 2022. The stock has underperformed peers in sales growth and has dropped sales points.
- The company has a decent relationship with one of its main suppliers, global eyewear giant Luxottica Group (LUX IM), which just added to their stake recently, aggressively.
- The company is getting slow-kicked out of TOPIX, but revival appears in the works. It kind of looks like a setup for an MBO.
Choice Hotels: The Mega Merger Moves: Inside Choice Hotels’ Bold $8 Billion Play for Wyndham!
- This is our first report on global hotels major, Choice Hotels International.
- The company’s CEO, Patrick Pacious, and CFO, Scott Oaksmith, provided details on their financial results and strategic initiatives, including the proposed acquisition of Wyndham Hotels & Resorts.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Natura & Co: See How This Cosmetics Giant Is Unlocking Sustainable Shareholder Value!
- This is our first report on Natura &Co, a multinational cosmetics and personal care company.
- The Wave 2 roll-out in Brazil did, however, have positive results, showing combined year-on-year revenue growth in certain categories.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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