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Telit – dire 2017 results, it argues now “well positioned”, but there red flags aplenty

By Tom Winnifrith & Steve Moore | Monday 30 April 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Telit Communications (TCM) has announced results for the 2017 calendar year, emphasising “trading in the first quarter of the current financial year was strong and well ahead of last year… we are confident that our performance in 2018 will significantly improve and see double-digit growth, stabilised gross margins and the implementation of cost optimisation”. Hmmm, “significantly improve” from where? And how’s that balance sheet?..

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