T-Mobile (TMUS) is not cheap but the company is turning the mobile industry upside down. Its has grown its netwrork size so that it is now a comparable size to the big networks and offering a quality of service that is as good or better.
Growth shows no sign of slowing down. T-mobile added 1.1 million new customers and won 45% of all new spectrum auctioned off by the government last quarter. Revenue climbed 11% to $9.6 billion and EPS was 48 cents minus items, up 380% from the previous year.
TMUS’ current PE is a lofty 34.85 compared to Verizons 15.29. But that reflects the opportunity available with Verizon declining and TMUS expected to grow rapidly.
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Disclosure: The author holds no positions in any of the stocks mentioned nor has any intentions to initiate any in the next 72 hours.