CWC sold

I sold out on CWC (Cable & Wireless Communications) today. I changed my mind. The market reaction to the IMS was lukewarm. Also, I decided that on an EV/Sales basis, the company was on a similar rating to the rest of the sector. Revenues are expected to be roughly flat. So upon reflection, I don’t think there is an exceptional opportunity here. I’d rather invest where I think there’s large upside, than one where I perceive only a mediocre return.

Just my 2c, of course.

53.75p

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About mcturra2000

Computer programmer living in Scotland.
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