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ams AG Bought OSRAM At Exactly The Wrong Time

April 11th, 2020 · No Comments

  • The company had a stellar 2019, and while 2020 prospects would have been affected by the coronavirus pandemic anyway, they have turned south.
  • ams is in the midst of acquiring OSRAM, a company which will experience stronger headwinds from the pandemic as auto sales are collapsing at least temporarily.
  • Worse is the company is now saddled with 5B euros in debt and had to greatly dilute existing shareholders.
  • It’s difficult to blame management; the timing of the pandemic couldn’t have come at a worse time for them.

Source: ams AG Bought OSRAM At Exactly The Wrong Time (OTCMKTS:AMSSY) | Seeking Alpha

Tags: AMSSY