Holdco Updates: Close Cosco, Hold onto Hochtief
Mean Reversion Complete for Cosco CapitalĀ Ever since we wrote on how Cosco Is Cheaper Than Ever, it has reverted back to its mean. We think that...
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Hochtief Ā -Ā Stub Value All-Time High
Over the past 3 months, Cimic Group Ltd (CIM AU)Ā is down 32% while Hochtief AG (HOT GR)Ā is flat. This is a significant dislocation. HOT's current...
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Ferrovial Peaks Head Out from Behind Mattress. Shoots. Ducks Again.
They went to the mattressesĀ in early December. They're still at it. Ferrovial has just extended its offer close by two weeks (from Feb 8 to Feb...
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