TMOAF - TomTom Remains Undervalued After Telematics Sale
TomTom (TMOAF) is an owner/operated company that got its start producing personal navigation devices or PNDs. Before smartphones started killing that space this was a rather successful business. When the good times were rolling, TomTom acquired map-making company TeleAtlas in '08 for €2.9 billion. Today, it is the last remaining independent global mapping database. On May 30, 2018, I wrote about TomTom for subscribers to the special situations report.
In that article, I wrote about the value that could be unlocked by spinning off Telematics. This article re-examines where this idea stands given