Bertelsmann will have to raise funds in unpromising market circumstances in the short term, and will have to sell some assets in the medium term to reduce debt to a sustainable level.Bertelsmann has also not done well with its aggressive expansion in the American magazine business.
"I suggest just freezing your assets short to medium term," wrote Reddit user someoneinmyhead in the previously-mentioned thread.
This type of volatility is problematic, though, for the average investor, and highlights the risks of wine investing in the medium term, although many wine experts continue to extol the virtues of the asset class as a longer-term diversification tool for conventional share and bond investment portfolios.
Mr. Picken of Credit Suisse said he thought Vivendi would hang onto the core American media assets, including Universal, "creating a traditional conglomerate structure in the medium term".
The remaining households had to mobilize money for this payment from two or three sources, such as borrowing from relatives, using accumulated savings and/or selling assets, and resulting in financial stress at least in the medium term.
We reiterate our hold recommendation, highlighting the around 33% premium to our 2015 forecast net tangible asset value of 315p and little income attractions in the short to medium term, at possibly around 2% for 2015 (versus 8p).
In the medium term, I think we all crave certainty more than we need interest rates at zero, so the asset markets will be most happy when we know the hike is a done deal in December.
Medium term: very little.
Or maybe the medium term.
Note the phrase "medium term".
