Thanks @Iikka for the thread! I went through the company myself about a year or two ago. In my opinion, the company is exactly what you would call superficially cheap, because if you look at the size of the company’s free cash flow relative to enterprise value, it isn’t even cheap anymore. Growth is hard to come by and earnings may even be under pressure. Too many operations are at risk in authoritarian countries and growth must be sought in developing countries. Cheap for a reason, in my opinion.
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