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INSIDE THE MARKET : Despite some hurdles, Orange SA unlikely to turn into a lemon

Oct 18, 2018 - The Globe and Mail (Canada)

Co-editors of Contra the Heard Investment Letter

A little more than five years ago, we penned a column on France Telecom, which trades as an American depositary receipt on the New York Stock Exchange and which was acquired at US$10.25 to US$10.38. As we noted, the annual revenue was greater than BCE, Rogers Communications and Telus combined. It remains an enormous company, although it is now called by another name, Orange SA. No, this has nothing to do with pumpkins.

Orange currently...