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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (48156)5/30/2012 7:32:39 AM
From: thatsnotluck  Read Replies (1) of 78748
 
<<NTL is a discounted version of TEO (holding company with TEO as the primary asset) Worth a look too, imo.

It is discounted because it had preferred shares that had accumulated unpaid dividends. If TEO had paid a dividend, NTL would have cleared the outstanding preferred payments (I think) but of course that did not happen.>>

hmmm. i guess i need to take a peek, because i thought TEO did declare a dividend and that it would be enough to approximately pay off the preferred that needs to be paid off before NTL starts getting its cut. OTOH, i saw a comment recently suggesting that TEO has been selling off more than NTL, and thus the discount for NTL has diminished. i have only a small position in the NTL and, being distracted with other matters, have not followed closely over recent weeks. i might be wrong. but i thought they did get the dividend from TEO.
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