Trading at about 170 this is a stock high in the curve. It might be worth waiting and see if it comes down a bit. But the facts are this is the worlds largest cellphone company and size matters.
What the Market is Missing
I think the market has a good grasp of Vodafone except that it pays a good dividend and is a solid company with still considerable growth worldwide. They have the cash and they have the formula worked out how to make this business pay. Perhaps the only missing factor is the growth of data for which they take a $ when they can. Smartphones will be downloading movies in quantity soon and they get paid for all that lifting
My View
Buy for solid result and a dividend, plus potential growth of maybe 10-20% in the next 12 months.
What the Market is Missing
I think the market has a good grasp of Vodafone except that it pays a good dividend and is a solid company with still considerable growth worldwide. They have the cash and they have the formula worked out how to make this business pay. Perhaps the only missing factor is the growth of data for which they take a $ when they can. Smartphones will be downloading movies in quantity soon and they get paid for all that lifting
My View
Buy for solid result and a dividend, plus potential growth of maybe 10-20% in the next 12 months.
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