Vodafone Group Plc (ADR) (NASDAQ:VOD)
CAPS Rating:
Vodafone connects people throughout Europe and beyond, providing wireless voice and data services.
Vodafone connects people throughout Europe and beyond, providing wireless voice and data services.
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Deej has a nice write up on the subject here: http://caps.fool.com/Blogs/after-all-these-years/791463
Basically 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.