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TEF - Telefonica: I Don't Believe I Exited Too Early
Telefonica SA
2025-08-26 12:04:55 ET
In this article, I will update my thesis on telecommunications business Telefonica ( TEF ), a business I looked at some months ago. The company has seen some outperformance since, meaningfully outperforming the S&P 500 - but while this may imply too early of an exit, I believe that given my goals, targets, and returns in my original Telefonica position, I exited at the right time for my own results and reinvestments. It begs the question, however, is there more upside conservatively available in Telefonica?...