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Neopost gets Garnry's stamp of approval
Neopost, the French post and mailing services company, has seen its share price plunge over the past few days. But Saxo Bank's Head of Equity Strategy, Peter Garny, says this could be a good time to "get into the game".
The company surprised the markets with substantially reduced guidance for future revenue. There's also concern about the amount of investment needed for it to stay profitable given the digital revolution. However, Peter says it's a secure stock with good cash flow and this could potentially be an excellent short term trade.
01:32 minutes
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