Carrefour Ord Share Price (0NPH)

makes sense for Walmart or Metro to make a bid for Carrefour. Take advantage of Carrefour share price and take out the battling family . I would say bid in 30-40 euro will be a nock out bid.

it is getting destroyed - they need to do something - I have lost 30% of my money on this investment

French supermarket giant Carrefour, the second largest retailer in the world by sales, reported a smaller than expected decline in first-half profit. Second quarter sales in Asia (+14.0%) and Latin America (+2.7%) helped offset considerable weakness in Europe, especially in peripheral countries such as Italy and Spain where they dropped 5.5% and 5.3%, respectively. Recurring operating income for the first six months of the year came in at €796m, above the €705m estimate. After having cut guidance five times in just two years, the worlds's second largest retailer said this time that it feels "comfortable" with consensus estimates for 2012. Chief executive Georges Plasset assured investors that "the past is behind us, we need to look ahead".

Sales declines in Europe took its toll on Carrefour's second-quarter sales. Europe's largest retailer reported a 0.3% drop in revenue to €21.72bn, narrowly topping the €21.6bn consensus estimate. Like-for-like sales fell 1.3% as they were hit by a "depressed consumption environment" in Eurozone peripheral countries such as Spain or Italy. In Europe as a whole, same store sales excluding currency moves and gasoline fell 3.7%. In the French market, quarterly revenue also dropped 2.1%