Electrolux Professional AB EPROB SS
Less than two months from its Spinoff on March 23, 2020, Electrolux Professional’s AB (EPROB SS) first earnings results beat expectations and shares jumped +29% on the day, touching our target price. While our long-term positive outlook is maintained, in the short-term EPRO could face some headwinds ahead in FY20, particularly because of the pandemic. As a result, we will continue to keep EPROB SS on our watchlist for re-entry opportunities in the future.
07 May 2020
To recap all the recent stock increases to our Model Portfolio (Spinoff and Special Sits), the two upcoming Spinoffs next week (UTX & ARNC) with adjusted valuations as well as the current ideas and where we see an opportunity, click here for this week’s latest Idea Generator.
25 March 2020
Despite the ongoing selloff in the global markets, Electrolux AB (ELUXB SS) completed the Spinoff of its professional products business Electrolux Professional AB (EPROB SS) yesterday (March 23, 2020). We are positive on the forward outlooks in the mid- to long-term for both of these companies, considering the discounts they trade at relative to their peers and how negatives seem priced-in at current levels. Read on for more.
24 March 2020