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"Carrefous is now worth less on the market than their assets" Maybe equity value drop is predicting a drop in asset value?
by enqk 15y ago
"Carrefous is now worth less on the market than their assets"
Maybe equity value drop is predicting a drop in asset value?
- nakkiel 15y agoI'd say that their assets in China only are worth more than this. Carrefour has literally withdrawn from Thailand (they had a large and well placed fleet of shops and a good reputation) to invest everything in China. They had long been in China before that but that's just to give an idea of how seriously they take the Chinese market. Their strategy is to be fully implemented throughout the country when the middle class fully emerges. If such a middle class ever emerges, they will be terribly wealthy.
- muhfuhkuh 15y agoWhich is why Walmart et al. are desperately trying to build brandshare there. They don't want to be left out of the China frenzy and "stuck" with the reliable old US embarrassment of riches.