- Along with its nearly 10% dividend, some investors have argued Orange serves as an effective bond proxy.
- I consider this argument in the context of the firm’s Engage 2025 strategy model, recent Q3 FY ’21 performance, FY '21 forecast.
- A valuation model, using Orange’s strategic growth algorithm as an input, supports the idea that current share prices have "meat on the bone".
- I conclude that Orange, with shares near their 52-week low, is likely to preserve investor capital as it throws off enough cash to support and grow the dividend.
For further details see:
A Consideration Of Orange As A Bond Proxy In A Strategic Context