freenet: Now Riskier And Not Cheap Anymore
Source: SeekingAlpha
2025-04-06 05:51:34 ET
Summary
- freenet continues to deliver steady, slow growth, and investors should not expect more than that.
- Its IPTV segment likely won't deliver the huge returns some investors had hoped for.
- Given that the company relies on its young and small IPTV segment for all its future growth, I believe its risk profile has worsened.
Introduction
I first presented to my readers the German telco service provider freenet ( OTCPK:FRTAY ) ( OTCPK:FRTAF ) as a Xmas gift in 2022 under the promise " Right Place, Right Time, Right Price ", expecting a re-rating to 10x EV/EBITDA and a stock price of €36. The thesis played out nicely, delivering a total return of almost 100% in about two years, as the price stood right at €36 before Donald Trump tariffed every country around the world, including those inhabited only by penguins ....
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freenet: Now Riskier And Not Cheap Anymore
Freenet AG ADR
NASDAQ: FRTAY
FRTAY Trading
0.0% G/L:
$18.02 Last:
100 Volume:
$18.02 Open:
