Townsquare Media has completed a successful transformation but remains undervalued

The U.S. Federal Reserve has once again cut interest rates by 25 basis points, placing the range between 3.75% and 4%.

The Spanish Stock Exchange is experiencing a moment of euphoria. Eighteen years later, the IBEX 35 has reached all-time highs, surpassing 16,200 points and accumulating an increase of nearly 40% so far this year.

Value investing seems to be regaining followers. But, is this bet on value really materializing?