Following a disappointing Q4 and a poor outlook for 2022-24, TI’s case is still fundamentally despairing. But KKR’s offer is still there and it is not uninteresting to invest at the current price knowing that even if the offer is not made, the current value of the group does not reflect the value of the group’s assets, although it is true that the group will not pay any dividends for several years.

07 Mar 2022
A fundamentally hopeless case but KKR's offer is still there

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A fundamentally hopeless case but KKR's offer is still there
- Published:
07 Mar 2022 -
Author:
Jean-Michel Salvador - Pages:
-
Following a disappointing Q4 and a poor outlook for 2022-24, TI’s case is still fundamentally despairing. But KKR’s offer is still there and it is not uninteresting to invest at the current price knowing that even if the offer is not made, the current value of the group does not reflect the value of the group’s assets, although it is true that the group will not pay any dividends for several years.