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  "documentTitle": "Groupe Casino Guichard-Perrachon SA (CO FP)",
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      "text": "If we are largely correct about the inflation of France retail EBITDA, it means that the core business in France has been in a significant decline since 2013.",
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      "text": "It is unfortunate to see Casino put its wholly owned BigC Vietnam business up for sale... As investors who are short Casino's stock we would love to see Casino liquidate all of its assets.",
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      "text": "Casino's France retail June 2015 LTM EBITDA was likely inflated by real estate transactions with Mercialys by up to €165 million... If we are largely correct about the inflation of France retail EBITDA, it means that the core business in France has been in a significant decline since 2013.",
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      "text": "16 Groupe Casino 2014 Registration Document, p.47 and Groupe Casino Interim Financial Report, 30 June 2015, p. 28.. 17 See Table: Analysis of Casino-Mercialys Real Estate Transactions",
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