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LM Ericsson (ERIC), the Swedish 5G telecom equipment manufacturer, is finally delivering strong free cash flow. As a result, ERIC stock, given its low valuation and net cash position, looks very cheap here.
ERIC stock, an American Depository Receipt (ADR) representing 1 “B” ordinary share, trades for $6.74 on NASDAQ. The company's market cap is $22.6 billion. Today, Ericsson released its results for the quarter ending June 30.