Quick (pre-Q2 24) Millicom Update
over 1 year ago
No Deep Dives
"TIGO: FCF yield 15.7% ('24), 16.7% ('25), 19.8% ('26). Rejected $24/share bid from XN as undervalued. 2024 FCF guidance up 20% to $660M. Cheap at $24.55, 4.2B mkt cap. Q2 earnings call Aug 2 may catalyze. Downside protected by fundamentals. Bid ends Aug 16. Puzzling low-ball offer from XN, possible anchor for future bid."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Quick (pre-Q2 24) Millicom Update
Source:
No Deep Dives
Published:
July 29, 2024
Idea Type:
Stock Idea