TLPFF - Teleperformance: This Hidden Anti-AI Stock Is Now A Strong Buy (Rating Upgrade)

2024-04-20 18:00:00 ET

Summary

• Teleperformance stock price has fallen almost 40% since my last article published in November 2023 and is now down almost 80% from its all-time high.
• As will be explained, TP stock is now priced for terminal decline - despite still solid fundamentals.
• The stock is undervalued and offers a significant margin of safety, even in a very conservative valuation scenario.
• I recently initiated a position in TLPFF stock and consider it a strong buy at the current price of €87 per share.

Introduction

Back in November 2023, I wrote my first article on multinational business services provider Teleperformance SE ( TLPFF , TLPFY ). At the time, TP shares were trading at around €140, well below their all-time high of €400 in 2021. What looked like a deep value opportunity at first glance, however, turned out to be not that cheap after all considering the challenges of the business....

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