Alan Fouriner’s Pennant Capital is betting against Sky Deutschland AG (ETR:SKYD) (FRA:SKYD), a German television network company. Sky Deutschland is set to announce Q2 earnings today. Sky Deutschland AG (ETR:SKYD) (FRA:SKYD) has been a longstanding bullish position of Odey Asset Management, the company is the largest holding of Odey’s flaship fund Odey European. Sky Deutschland is the leading network porvider in Germany and Austria with 3.5 million subscribers. The company reported a 15% increase in revenues to 375.4 million euros against revenue of 326.7 million euros in the year ago quarter. The main driver of the increase in sales was subscription revenues. EBITDA was up…
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HFA Staff
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