Hard times for Jean Marie Messier, the former child prodigy French Finance today at the head of media giant Vivendi Universal. For the first time since the day of his inauguration at the head of the group, Messier has been questioned by the market. Now the proof of the pudding will be the general meeting of shareholders scheduled for next week. At the root of discontent is the sudden slip scored entitled to the Paris Bourse. Vivendi has lost in the first three months of the year just over 40% of its value, testing new lows on the day of placement in 1997. Today, Vivendi is a world leader in the media sector, with activities ranging from music (label Universal) the production of films (Universal Studios in Los Angeles) without forgetting the pay-TV (Canal +), telephony (Cegetel and SFR) and the branch of professional publishing. But weighing on Vivendi Environnement is especially the branch environment, which now seems a step in the transfer. Now investors are wondering whether Messier, after having transformed the old society des Eaux (focused on the management of aqueducts) a leader in the media, will also be able to ensure the development controls, especially debt. Analysts for their part insist that the title is too undervalued at current levels. Today the title back to the land exchange in positive (+3.23%) after losing 7.5% in the last five sessions.
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