OceanX: China post-CNY – less cloud, more balloon; Mærsk's moves; a tough Q4
Things are looking up, in China at least
One year ago, I wrote that Hungary’s Waberer’s Optimum Solution was one of those corporate stories that you instinctively sensed would end with a change of ownership sooner rather than later. A sticking point, I added, could be its take-out valuation.
Is that time now, after a plunge for a stock that currently hovers around its all-time lows?
Its implied valuation is $140m, excluding net debt, which has more than halved in the past few months.
Let’s look at its latest financials, which were released ...
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