DK_Investment

Atlantia SPA in long term buy zone after Genua bridge collapse

Long
MIL:ATL   None

after the collapse of the bridge in Genua Atlantia SPA has come under heavy criticism. The debt search is still active, but there is only one way for me. The Italian State can not and will not assume responsibility for the future maintenance / management of motorways. The Benetton family, behind Atlantia and the largest shareholder, has enough money and contacts to get out of the affair. I expect a bottoming in the 18 € range (strong support) and assume that the price will rise sharply as soon as the question of guilt is clarified and Atlantia goes back to normal operation. My personal sell area starts at 22 € up to 26 €, i expect a real first big retracement at the 26 € area.

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