Sunday, June 3, 2018

Weak Core Wireless Results And Strategic Uncertainty Undermine SK Telecom's Value

SK Telecom (SKM), South Korea's largest mobile/wireless service provider at almost 50% share, has remained a frustrating but useful lesson in the perils of chasing "value" without context. While SK Telecom shares have long seemed undervalued, the company's weakening wireless business has been a growing concern, as is the possibility that more and more non-telco investments may be coming. At this point, given the significant uncertainties across the business, I'm just not interested in SK Telecom - there does seem to be value here, but I have a very real fear that management will squander it and/or that investors will see relatively little of it.

Read the full article here:
Weak Core Wireless Results And Strategic Uncertainty Undermine SK Telecom's Value

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