Friday Morning Coffee 157: Too hard to resist

090721 Friday Morning Coffee

Friday Morning Coffee 157: Too hard to resist

The share price of French IT services provider Atos is down 31.1% since the beginning of 2021. This dire stock price performance is unfortunately of the company’s own making. First the management announced its decision to take over a US competitor only to shelf the acquisition again a couple of weeks later. After this serious dent in management credibility, the company announced that it faced accounting issues due to controlling weaknesses in its US business leading the 2020 accounts still not being approved.

(see attached pdf)