It is hardly as bad as the market makes it out to be. Trading at P/E lower than its 10yr average is just unseemly. Almost feels like a bear cartel is at works here.
D/E story has been pushed since the Arysta acquisition as if the group would go bankrupt. Nothing bad happened, they have managed their debt well. Then the whistleblower and brouhaha about rent paid on some properties in Bandra that broke in 2020. And now, all the hand wringing on inflation and recession and receivables in Brazil
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