RE: Damning verdict in FT8 May 2020 13:38
"I have same thoughts. but would it be worth buying at 50p? there must be a point where this becomes undervalued surely?"
Read and take Motley's advice
When choosing cheap shares to buy in a market crash, it’s important that investors consider the company’s debt and ability to grow. Having considered the monumental amount of spending BT has pledged to do in the coming months, I no longer feel bullish on this share. The BT share price is down nearly 75% in the past five years. Unfortunately, it doesn’t look set to recover soon. It will face rising pressures both internally and externally with many hurdles to cross and regulatory burdens to contend with. With no dividend to sweeten the deal, it’s just another risky share with little to offer shareholders.