Large Short Base for Adidas Ahead of Earnings, Debt Reduction

| About: adidas AG (ADDYY)

Adidas (OTCQX:ADDYY) announces earnings results next week. We have seen a large increase in the loan position which currently stands at 11%. Adidas is due to redeem one of its Convertible bonds in a few weeks and the resulting effective capital injection is expected to reduce its debt substantially. The price has, however, fallen more than 6% over the past week; with utilisation still relatively low at 24% there is considerable scope for further stock borrowing.

To download the whole article click here.

About this article:

Tagged: , , , Apparel Stores, Germany
Problem with this article? Please tell us. Disagree with this article? .