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Vodafone connects people throughout Europe and beyond, providing wireless voice and data services.
Deej has a nice write up on the subject here: http://caps.fool.com/Blogs/after-all-these-years/791463Basically the thought is that VOD owns a large stake in Verizon wireless and the market is not recognizing this. Add into the mix that Verizon currently pays VOD a nice dividend annually for their Verizon wireless stake and that this is a David einhorn pick and the odds are in your favor!Picked up some shares at 26 and will hold until this thesis plays out or things drastically change. You get a pretty nice dividend to sit and wait as well so no reason to hurry and sell this one.
This has played out basically as played. Likely will sell before the sale to Verizon is complete in mid February. I have no idea what the resultant company and this share price will look afterwards.
Sold out of my real life position today at 37 and change. This played out beautifully and as I said previously I'm selling before the ex-date February 21. I have not the faintest idea what VOD will look like after the sale of Verizon and don't want to push my luck. There seems to be a big misconception that waiting for the payout is a sure bet. Far from it IMO. There has already been a huge run up and I bet most of the payout is already priced in. Either way I'm taking my nearly 50% gain and running away happy.
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