Baltic Business Analysis: Tallinna Kaubamaja - Q4 2009 Analyst Update 02/26/10

Feb. 26, 2010 - PRLog -- Content of the report:
- The Share Price Performance Was Positive;
- Revenue In Q4 2009 Declined By 10% Y-O-Y;
- The Worst Is Over;
- No Growth Outlook Due To 10% Drop In Revenues;
- Competition In Estonia Limits Growth Opportunities Of Selvers;
- Business Risk Is Expected To Remain High In Mid-Term;
- BBA Investment Rating;

Summary of the report:
Author of this report believes that the worst for Estonian retail industry is over and the further decline which may take place in 2010 will not be that bad, because the national economy shows positive signs of stabilization.

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Baltic Business Analysis provides independent information and analysis on East European public companies and markets.