Struggling with Telecom/ Communication vertical. Revenue has gone down but expenses are Creeping up/staying elevated.
I like the New CEO. He comes across balanced. Aggressive but thoughtful. They are taking actions to reduce cost while investing in new capabilities.
I am invested and will stay invested burt valuation, in relative terms has gone up. Need to work out what is the right price to buy again.
I am looking for management’s plan on Apr 2024 but it does not look like there will be material change in short term. company may likely struggle for for more quarters or a year or so.
Any inputs?
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