Athens Stock Exchange General Index has yielded to a YTD return
of 24% outperforming all emerging markets which have experienced a negative
return as a result of fears that fed tapering will have a negative impact
on these markets.
Athens
Stock Exchange General Index Graph
However, Frigoglass, a Greek company which produces and
markets refrigeration equipment for industrial and commercial applications with
presence in Europe, Africa and Asia, has seen its stock offering a YTD return
of -19%.
While Q3 sales had left
analysts with a disappointment, according to Reuters earnings are expected to be
0.17 this year which suggests a P/E ratio of 27. Furthermore, Eurobank Equities
expects EPS to climb to 0.47 in 2015. This will leave the stock with a P/E of
10.
Frigoglass Stock Price Graph
The company’s diversified geographical exposure could prove
to be a catalyst for sales growth and profit margins expansion. Emerging
markets are expected to grow this year but in a low rate and this could be a
risk as Frigoglass is exposed to emerging markets.
**The information contained in this post as well as any
information within this website is intended for informational purposes only.
This is not a recommendation, offer or solicitation to purchase or sell any
stock or other securities.
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