Nexans SA (OTCMKTS:NXPRF) (EPA:NEX), a French cable company which provides services to several industries, is a unique small cap that seems to have grabbed the interest of several big name hedge funds, in both a good and bad way. Over the past five years, Nexans has lost almost 50% of its public value and is currently valued at 2.5 billion euros. The company may seem small when only its market cap is considered, but Nexans SA (OTCMKTS:NXPRF) (EPA:NEX) is actually the largest cable and wire maker globally. Nexans SA (OTCMKTS:NXPRF) (EPA:NEX) very recently got into an agreement to buy the cable arm…
Nexans Pulled From Both Long And Short Hedge Fund Positions
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.