c.c. Q&AMy impression is that most if not all the analysts remained skeptical and they included friendly ones like Laghi and others like Valentini. I will be curious to see how they summarize this c.c in their coverage.
It seems mgmt tried to balance growth with balance sheet repairs and chose growth at all costs for now. There are a lot of ducks that need to line up for their plan to work. And they might, we shall see. But for the short/medium term their B/S remains over-leveraged and the much toted
FCF goes pfft.