Atos SE (ATO-FR) – CFRA first identified Accounting Red Flags to investors in September 2020, and highlighted more serious concerns in April 2021.
Concerns: Quality of Operating Margin and FCF
Outcome: Atos SE guided down FY21, taking down expectations significantly for all three of the metrics they guide to.
Price Action: Stock down 31%
CFRA have generated strong positive alpha YTD on both our North America and Europe Biggest Concerns portfolios, with hit rates at 80% for our high conviction ideas in Europe and 78% in North America.
To receive CFRA's latest case study and to hear our analyst latest view request more information.
 |
David BassettSenior Forensic Analyst, CFRADavid is a Senior Analyst at CFRA, covering Europe in the Forensic Research Services (FRS) business. David's research has been cited in several leading business publications including BusinessWeek, Barron's, and the Wall Street Journal. David joined CFRA in 2003. Prior to his current role, David worked on our bespoke team, covered U.S. tech names, was a generalist focusing on Asia. David earned his B.S. in Business Management with an emphasis in Finance from Brigham Young University. |