magno111

Easy Ipsos SA, business is similar to Nielsen, it is a good biz, monopoly controlled by 4 firms. EPS will be 2,66€, it trades for 18€ so it is like 6.7x PER, revenues flat, 2x debt/EBITDA, comps in europe like GFK with similar margins, revenue trends and debt trades for 15x. it has lots of insider ownership. the big drop in summer was caused because they said they won't grow in 2014 and 2015... market was expecting growth like it was in the past at 10%... it got hammered. Euro hurt them in the first part of the year but now is reversing. it is curious, it's trading at similar levels of 2008 crash... Could be a potential acquisition target for Nielsen. it is very resilient business during reccesions.