Roni has made a new company report about Tecnotree after the deal. 
The deal announced by Tecnotree in the United States showed that the company’s products are competitive also in developed markets. In a good scenario, the United States could offer significant growth potential and support the improvement of the company’s cash flow profile, but in our opinion, it is still too early to rely on the American expansion. The risks related to the company’s governance have not, in our view, completely disappeared. Combined with the uncertainty related to cash flow, the stock’s return/risk ratio is still not attractive in our opinion. However, the announced deal was one of the first clearly positive news for the company in a while, which, combined with the decreased valuation, supports a more moderate view in our opinion.