In today’s briefing:
- Mitsui & Co To Buy Out Relia (4708) – Moshi Moshi Is TOO CHEAP
- Liquid Universe of European Ordinary and Preferred Shares: January ‘23 Report
- Stanley Black & Decker Inc.: Initiation of Coverage – New Launches & Other Drivers
- Fastenal Company: Initiation of Coverage – Financial Forecasts
- Stanley Black & Decker Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
Mitsui & Co To Buy Out Relia (4708) – Moshi Moshi Is TOO CHEAP
- Mitsui&Co has been in Relia Inc (4708 JP) for a long time. As part of investing in BPO/RPA/AI services, they are buying out Relia, merging it with a KDDI sub.
- They are buying it at an all-time high, and a 50% premium. Looks nice. But it’s not nice enough.
- This is one of those times when I can reiterate, Japan Needs More Cowbell.
Liquid Universe of European Ordinary and Preferred Shares: January ‘23 Report
- Since mid-December, spreads have shown a mixed performance across our liquid universe (9 have widened, 9 tightened, 1 at same level).
- Trade recommendations long ords / short prefs: Fuchs Petrolub, Henkel, Handelsbanken, SSAB Svenska Stal.
- Trade recommendations long prefs / short ords: Sixt, VW, Danieli, MFE-Media for Europe, Grifols, Atlas Copco, Ericsson.
Stanley Black & Decker Inc.: Initiation of Coverage – New Launches & Other Drivers
- This is our first report on Stanley Black & Decker, one of the largest global manufacturers of tools and engineering systems catering to a wide variety of industries.
- The company delivered an all-around beat in its last result and has been making significant progress toward narrowing its focus and overhauling its supply chain in recent times.
- We initiate coverage on the stock of Stanley Black & Decker with a ‘Hold’ rating.
Fastenal Company: Initiation of Coverage – Financial Forecasts
- This is our first report on Fastenal, a major wholesale distributor of industrial and construction supplies.
- The company delivered a strong performance in the last quarter surpassing Wall Street expectations in terms of revenues as well as earnings.
- We initiate coverage on the stock of Fastenal Company with a ‘Hold’ rating.
Stanley Black & Decker Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Stanley Black & Decker one of the largest providers of tools and engineering systems across the world and caters to a wide variety of industries.
- The company has seen significant progress toward narrowing its focus and overhauling its supply chain in recent times.
- We also have a dedicated analysis of the company’s Environmental, Social, and Governance (ESG) risk scores in order to evaluate the sustainability risk.
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