Carrefour

I think it is difficult to time an entry in Carrefour. Clearly the company is struggling and although I think the new CEO will make big changes he doesn't start until April and then only as COO until June. I think Carrefour may drop further and would suggest looking for opportunity around E17-18. Right now they are a bit higher than I would like to buy at, but I think another opportunity will come in the next results due on April 12th which will probably be as bad as the recent full year. The AGM is in June and that is when they will announce the CEOchange formally and I would expect the new CEO to move quickly and that to reflect in share price movement. That means there is a window of about 3-6 months to buy before the stock moves upwards.