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Gregory Jette, an analyst at Jeffries in Paris, said Friday the company lacked mid-term prospects and the critical mass, possessed by the large players of the industry such as L'Oreal, to achieve substantial growth.
Yet just as the broad economy didnt double dip after the flash crash and rather was digesting mid-term prospects now thankfully concluded, so has the chip industry been getting its feet back on the ground following the prior years surge off the bottom.
Our [target of] 465p reflects a clear market-leading position in the UK, strong mid-term growth prospects, robust and debt-free balance sheet, and 57% [dividend] payout".
It matches out short term, mid term and long term development aspirations.
We remain confident about our long term prospects".
Despite the gloom encircling the Nou Camp, any analysis of Barcelona's mid- to long-term prospects would be incomplete without acknowledging there are also plenty of reasons for optimism.
Stocks are broadly higher this morning after a rally in overseas markets spilled over to Wall Street and investors expressed relief that mid-term elections diminished prospects for an impeachment of President Clinton.
Mid terms happened in November.
The backlash could hurt his party in the mid-term elections and the prospects for his second-term agenda, which are tarnished enough as it is.
Long-term prospects also look dismal.
Short-term prospects may also be brighter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com