“SpaceX Delivers Unfortunate News for Verizon, ATT, T-Mobile, and AST Space Mobile Stock Investors”
TMUS is a buy; current price near 52-week low ($149) is below fair value ($223).
Elon Musk and SpaceX delivered bad news to investors in AT&T, Verizon, T-Mobile, and AST Space Mobile.
Shares of AT&T, T-Mobile, and Verizon were hit hard, and are down more than 10% each today.
However, I believe this represents a buying opportunity for T-Mobile, which is trading today near its 52- week low of $149. I have calculated the fair value and updated it today to $223.