Ken Fisher (Trades, Portfolio) added to his position in PT Telekomunikasi (TLK), buying 3,854 shares for an average price of $55.38 per share in the second quarter.
Since Fisher’s purchase, the company’s stock price has risen by an estimated 14%.
PT Telekomunikasi is the only state-owned telecommunications enterprise as well as telecommunications and network service provider in Indonesia. The company offers its customers a broad range of telecommunications services including fixed wireline and fixed wireless connections, mobile communications, networking and interconnection services as well as Internet and data communication services.
PT Telekomunikasi has a market cap of $31.4 billion, a price-earnings (P/E) ratio of 22.57, an enterprise value of $33.11 billion and a 1.81 dividend yield.
PT Telekomunikasi believes in “always the best.” According to GuruFocus the company has a 5-star predictability rating based on backtesting results; stocks with a 5-star predictability rating produce, on average, a 12.1% yearly return over a 10-year sample size. The company’s price has risen by an estimated 53% during the previous 12 months; during the previous 10 years its price has risen an estimated 78%.
The company has a 7 of 10 financial rating with an equity-to-asset ratio of 0.46, ranking it above 61% of the companies in the global telecom services. PT Telekomunikasi has an Altman Z-Score of 4.56 indicating that it is in the safe zone, and there is no danger of the company filing for bankruptcy in the near future. PT Telekomunikasi also has an 8 of 10 profitability and growth rating with an operating margin of 33.73% ranking it above 97% of the companies within its industry.
Fisher may have decided to increase his stake because the company has established itself in the global telecom services industry, it has good core values, and the company has reported strong financial statements for the previous 12 months.
Below is a chart that shows PT Telekomunikasi’s revenue per share growth over the previous 10 years.
Fisher is a San Francisco native who learned his investment strategies under his father's guidance. Fisher's father was Philip A. Fisher who wrote the book "Common Stocks and Uncommon Profits." Warren Buffett (Trades, Portfolio) says he attributes 15% of his investment style to Philip Fisher and the other 85% to Benjamin Graham.
Ken Fisher, similar to Buffett, has been able to amass a fortune with his father's approach to investing. His father used a 15-point checklist while conducting thorough research to ensure that he was making the best possible investment decisions.
Ken Fisher founded Fisher Investments with $250 in 1979; since then Fisher Asset Management has expanded to 691 stocks with value of $52.051 billion.
Cheers to your investment success.
Disclosure:Ă‚ Author does not own any shares of this company.
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