Telecom Italia S.p.A.
TIM
pitch
long
Josh Resnick
Thesis
Telecom Italia's stock is currently priced at €1.08, but we believe it is worth at least €1.50 due to its potential for high-margin revenue growth and the value of its 67% stake in TIM Participações in Brazil, which will become more valuable upon consolidation in the Brazilian telecom market.
Did it work?
worked
confidence: high
The stock price has increased by 548.1%, significantly exceeding the target price of €1.50 set in the thesis. This substantial return indicates that the thesis regarding Telecom Italia's potential for high-margin revenue growth and the value of its stake in TIM Participações has played out effectively. The dramatic price increase suggests that the market has recognized the value outlined in the pitch.
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