2024-03-17 13:00:09 ET
Summary
- Deutsche Telekom has outperformed the communications sector with over 30% RoR since January 2022.
- The author has taken profits and reduced their position in the company, investing in other undervalued companies.
- The valuation of Deutsche Telekom is no longer fantastic, but it remains a conservative and qualitative business. I give the company a "BUY" here.
Dear readers/followers,
You may recall my work on Deutsche Telekom ( OTCQX:DTEGY ) which resulted in a sector-specific outperformance for this company (specific to the communications sector) over 30% RoR since my first article. In fact, if you go back to January of 2022, which is when I established my position in the company, the company has generated significant outperformance to the somewhat tepid S&P500. You can find my last article on the company here.
Obviously this has been a successful investment. That's also why I took some profits (like I said in another article with regards to my rotation price), and maintain a position in the business today that is only half the size of what it once was. The rest of the capital has moved "onto greener pastures", more undervalued companies and in most cases has seen growth behind that seen in Deutsche Telekom. You can find my last article on Deutsche Telekom here....
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For further details see:
Deutsche Telekom: A 'BUY' Here, But I Do See Better Ones