TLS has been heinously overvalued for over a year. I think the last time I did a simple DCF model based on expected dividends and upset a number of people I had it at about $2.85
The earnings are falling and a merger to compete against their differentiated service 5G in their largest segment mobile has recently been approved (creating margin pressure). TLS is still overvalued, It's going to be well below $3 before I get interested.
That's assuming it can maintain 0.05 per share when the revenues are falling.
How many people are going to take up 5G at $15 per month, when the average joe is complaining about the cost of living and their wages are stagnating or reducing? It's going to be a slow uptake IMO.
TLS Price at posting:
$3.43 Sentiment: None Disclosure: Held
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