Los spin offs no siempre salen mal
2 Me gusta
De Simply Safe Dividend
“ VF Corp has been attempting to sell its non-core Global Packs business, consisting of the Kipling, Eastpak, and JanSport brands, for over a year.
With a cloudy consumer outlook and a more pressing need to deleverage to preserve an investment-grade credit rating, we are downgrading VF Corp’s Dividend Safety Score from Borderline Safe to Unsafe.
After cutting the dividend twice last year, by 41% in February and then 70% in October, it seems likely that the next step for management would be to suspend the payout entirely.
There’s a lot of pressure on management to right the ship, and the longer this turnaround takes, the more likely the firm is to make bolder capital allocation changes – especially when it doesn’t seem likely consumers will come to the rescue anytime soon.
If we owned shares of VF Corp, we would move on to another company with more control over its growth drivers, a stronger balance sheet, and better dividend prospects.”
5 Me gusta
No imagina que Kipling estuviese así, tan denostada. Y que el camino fuese tan sombrío