I think its going to be complicated as capital expenditure is weighing in. Take that capex off TLS balance sheet as Infraco like most infrastructure stocks are capital intensive. This in turn improves margins and measurements like cash flow per share. TLS is currently trading lower than 8x cash flow per share being 50c cash flow per share. 10-15x cash flow per share is normally a sweet spot for a company that pays dividend with no growth. I value TLS around $6 pre split.... $10 post split.
TLS Price at posting:
$2.73 Sentiment: None Disclosure: Held
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