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Campaigns / Muddy Waters → Groupe Casino Guichard-Perrachon SA
Muddy Waters vs. Groupe Casino Guichard-Perrachon SA

Groupe Casino Guichard-Perrachon SA · CO FP

1 deck published between 2015-12-16 and 2015-12-16 — 22 pages, 22 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2015-12-16 initial thesis

    2015 12 MW_CO_12162015_b

    22pp · research_note

    Casino's financial statements mask 8.9x leverage and inflated EBITDA via related-party Mercialys real-estate sales; shares are worth €6.91 vs €48.97, an 86% decline.