gamma -whats your thoughts on vodacom performance? its been flat for a while after the big drop.
It's come down a long way but fact remains it is a high quality well run company that generates huge amounts of cash and pays a fantastic div. Doesn't have the same geo growth prospects (and risk) that MTN does but will benefit from organic growth, particularly as smartphone penetration accelarates. Cell C causing a bit of **** in the market but that should settle, they can't keep win a price war with the big boys and they know it.
On a fwd PE of 12 and Div of 7.5 I'm sitting tight.
Also keep in mind telcos are defensive so along with Healthcare I think its important to have in a portfolio.
See that screener I posted in 'Good Read' and look at the ROC for Vod...
Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.