ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.
  • TickerA1EWWW
  • ISINDE000A1EWWW0
  • SectorPersonal Goods
  • CountryGermany

Analysts

Ng Adrian

Adidas AG

Ng Adrian

Adidas AG

Christopher Svezia ...
  • Paul Nawalany

"Here Weego" into Riskier 2H; 2Q19 Review

Arancha Pineiro

ADIDAS AG: MENSAJES DE LA CONFERENCE CALL RDOS. 2T'19 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’19 destacamos:  Confirman la aceleración del crecimiento LfL en 2S’19 pero no el rango del +6%/+12% implícito en su objetivo anual del +5%/+8% (vs +7% BS(e) y +7,2% consenso) porque dependerá de múltiples factores (nuevos lanzamientos y productos, impacto positivo por ventas en 4T de cara al Año Nuevo Chino, efecto de ventas para la EuroCopa 2020). En todo caso, esperan que el crecimiento LfL sea superior a medida que avance el año. Por mercados, esperan que Europa Occidental vuelva a registrar crecimientos positivos en 4T’19 (vs +0,1% en 2T’19 y -3% en 1T’19...

Arancha Pineiro

ADIDAS AG: RDOS. 2T'19 Y CAMBIO DE RECOMENDACIÓN A VENDER (ANÁLISIS BANCO SABADELL)

Rdos. 2T’19 por debajo de lo esperado en EBIT (643,0 M euros; +8,6% vs +12,0% BS(e) y +10,8% consenso) a pesar de una buena evolución en ventas (+4% LfL en 2T’19, en línea con previsto) y una significativa expansión del margen bruto (+120 pbs en 2T’19 hasta el 53,5% vs 52,9% esperado) por mix de producto y canal de venta (e-commerce) más favorable y por unos menores costes de aprovisionamiento. En todo caso, esta evolución también se ha dado con unos mayores costes de marketing y comercialización, lo que hace que el margen EBIT tan solo mejore +40 pbs hasta el 11,7 (en línea). Por mercados, d...

Christopher Svezia ...
  • Paul Nawalany

"Here Weego" into Riskier 2H; 2Q19 Review

Arancha Pineiro

ADIDAS AG: MENSAJES DE LA CONFERENCE CALL RDOS. 2T'19 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’19 destacamos:  Confirman la aceleración del crecimiento LfL en 2S’19 pero no el rango del +6%/+12% implícito en su objetivo anual del +5%/+8% (vs +7% BS(e) y +7,2% consenso) porque dependerá de múltiples factores (nuevos lanzamientos y productos, impacto positivo por ventas en 4T de cara al Año Nuevo Chino, efecto de ventas para la EuroCopa 2020). En todo caso, esperan que el crecimiento LfL sea superior a medida que avance el año. Por mercados, esperan que Europa Occidental vuelva a registrar crecimientos positivos en 4T’19 (vs +0,1% en 2T’19 y -3% en 1T’19...

Arancha Pineiro

ADIDAS AG: RDOS. 2T'19 Y CAMBIO DE RECOMENDACIÓN A VENDER (ANÁLISIS BANCO SABADELL)

Rdos. 2T’19 por debajo de lo esperado en EBIT (643,0 M euros; +8,6% vs +12,0% BS(e) y +10,8% consenso) a pesar de una buena evolución en ventas (+4% LfL en 2T’19, en línea con previsto) y una significativa expansión del margen bruto (+120 pbs en 2T’19 hasta el 53,5% vs 52,9% esperado) por mix de producto y canal de venta (e-commerce) más favorable y por unos menores costes de aprovisionamiento. En todo caso, esta evolución también se ha dado con unos mayores costes de marketing y comercialización, lo que hace que el margen EBIT tan solo mejore +40 pbs hasta el 11,7 (en línea). Por mercados, d...

Christopher Svezia ...
  • Paul Nawalany

2Q GM Upside, FY19 Prudently Reiterated; 2Q19 Quick Thoughts

1 director bought

A director at Adidas Ag bought 526 shares at 16,754p and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Ng Adrian

Adidas AG

Ng Adrian

Adidas AG

Ng Adrian

Adidas AG

Ng Adrian

Adidas AG

Ng Adrian

Adidas AG

MarketLine Department

Kering SA - Strategy, SWOT and Corporate Finance Report

Summary Kering SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Kering SA (Kering or 'the company') is a global group involved in the development of leather goods, apparel, accessories, jewelry, footwear, perfumes, cosmetics, and watches. Major brands of the group include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Christopher ...

MarketLine Department

Hanesbrands Inc. - Strategy, SWOT and Corporate Finance Report

Summary Hanesbrands Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hanesbrands Inc. (Hanesbrands or “the company”) is a manufacturer and marketer of innerwear and activewear apparel. The company’s product offerings include bras, panties, shapewear, hosiery, men’s underwear, children’s underwear, socks, t-shirts and other activewear. The company markets its...

MarketLine Department

Kering SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Kering SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Kering SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

MarketLine Department

Hanesbrands Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Hanesbrands Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Hanesbrands Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

Expert Corporate Governance Service (ECGS)

Adidas - AGM 09 May 2019

Items 5a, 5c, 5e and 5f: We recommend to oppose the re-election of Ian Gallienne, Igor Landau and Nassef Sawiris to the Supervisory Board due to our concerns over the insufficient independent representation on the Board. Furthermore, we recommend to oppose the election of Dr. Thomas Rabe to the Supervisory Board due to concerns over aggregate time commitments. Item 8: KPMG, Berlin, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG has audited the Company since the financial year 1995 which exceeds our ...

Adidas – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 09/05/2018

Item 5: We recommend to oppose the new remuneration system for the Management Board which is applicable since financial year 2018 due to our concerns over the new LTIP 2018/2020 and the possible granting of a special bonus to Management Board members. Items 9a, 9b and 9c: KPMG, Berlin, is proposed as auditor for the current financial year, for a possible audit review of interim financial reports (first half year report and quarterly reports) for financial year 2018 as well as for a possible audit review of interim financial reports for financial year 2019 up until the AGM 2019. We have no con...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Jérôme VINERIER

Short term view - ADIDAS AG : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €212.55. The break of €180.90 would endanger the trend.

Jérôme VINERIER

Analyse court terme - ADIDAS AG : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 212,55 €. La rupture de 180,90 € mettrait la tendance en danger.

Jérôme VINERIER

Analyse court terme - ADIDAS AG : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 212,55 €. La rupture de 180,90 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - ADIDAS AG : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €212.55. The break of €180.90 would endanger the trend.

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