EFTA Document EFTA01385434

January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite following store divestitures; PETM given opportunities within its capital structure, evolving business model and continued debate Chewy's valuation; TFM given the recent reported improvement in sales and potentially attractive attachment point should traffic and margins stabilize; and NMG given potential liability management and an improving outlook in luxury spending. Food & Beverage: Expect M&A focus to be key d