This topic discusses the upcoming Q2 2023 1&1 Earnings. (Chart)
It will include our final assessment and decision before the earnings release, report on the results, and discuss the results including any potential changes to the position.
1&1 is the smallest position in the portfolio after a drastic value drop.
While 1&1 is very attractively valued based on their current business model, their future which depends on the construction of their own 5G network is unsure.
Therefore I am holding the position and am waiting for more insights into the state of their network construction, important frequency auctions, and the margin profile of the new business.
More insights inclusive @Aron’s assessment of 5G can be found here.
1&1 main business is very stable, which means the necessity to prepare for earnings is more limited compared to other companies. It is very important though to react quickly on important 5G network news as they will likely cause the stock to jump or drop sharply.
Given the small size of the position and the fact that 1&1 reports on the next day as Upwork our main focus should be on Upwork with just basic low hanging fruit preparations for 1&1 to be made. (1-2h time investment)
The work which we are doing specifically in preparation to the earnings can be found in the Wiki.