Glen Lewis Purchases 77422 Shares of TerraCom Limited Stock
October 17, 2022
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TERRACOM ($ASX:TER): TerraCom Limited is a Australian telecommunications company. The company provides telecommunications services to residential and business customers in Australia and internationally. Glen Lewis has purchased 77422 shares of TerraCom Limited stock.
Stock Price
The stock opened at AU$1.1 and closed at AU$1.0. The current media exposure of TerraCom is mostly negative. However, Lewis believes that the stock is undervalued and is a good long-term investment.
VI Analysis
TERRACOM LTD is a company with strong growth potential but lower profitability and weak asset and dividend stability. Its fundamentals reflect its long term potential but it is less likely to safely ride out any crisis without the risk of bankruptcy. The company is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such companies should be aware of the risks involved and should monitor the company closely.
Summary
Investing in TerraCom Ltd may be a good decision for some investors, as Glen Lewis, a renowned investor, has recently purchased 77422 shares of the company’s stock. However, it is important to note that TerraCom Ltd has received mostly negative media exposure as of late. Thus, investors should do their own due diligence before making any decisions.
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