- MNDO is an Israeli company that specializes in providing customer service and billing platforms to small and medium size telecommunication carriers globally.
- Changes in the telecommunications providers markets are rapidly eroding MNDO's revenues in the segment.
- In 2019 MNDO did a great acquisition of two German companies specialized in enterprise mobile messaging.
- Although the mobile messaging segment is showing double digits growth, its earnings quality is uncertain.
- Trading at 10 P/E, we believe the investment to be too risky.
For further details see:
MIND C.T.I. Is Too Risky While Doing A Significant Turnaround