A Snapshot on Sims Metal Management
A Snapshot on Sims Metal Management. Sims Metal Management is the world's largest metals and electronics recycler with operations in Australasia, North America and Europe. Over recent years, Sims has come under pressure from challenging market conditions, falling margins and poor capital management. Following the introduction of a new management team and corporate strategy, we believe the pieces are now in place to restore profitability back to the business. Under direction of the new CEO, Galdino Claro, management have formulated a simple five-year strategy to revitalise earnings. While management forecasts are optimistic, we believe they are achievable. The simplicity of Sims' corporate strategy heightens our conviction. Success is not reliant on any major growth assumptions, M&A activity or economic recovery. While market conditions are expected to remain subdued over the near term, we believe Sims will generate significant value and earnings improvements over the intermediate term. Read the full Snapshot here: (VIEW LINK)
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