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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (49396)	9/13/2012 7:35:52 AM
From: thatsnotluck	Read Replies (1) \| Respond to of 78476

As is often the case, i agree with you Mr. Clownbucks. Maybe a little question about: <<the dying fixed line business from VZ.>> how much of their business is this dying landline thing? i know in my area they sold to FTR the landline biz, and that was a big deal spread over many, many states. do they have much landline biz left?

To: Spekulatius who wrote (49396)	9/13/2012 10:36:57 AM
From: Sergio H	Respond to of 78476

VOD has a higher debt to equity ratio than VZ. VZ's assets/liabilities ratio is better than VOD's. VOD is burning cash while VZ has been increasing its retained income. I don't plan on holding VZ long term. It's a good bet to go higher while its PE goes from over 40 to the teens. As always, thanks for your opinion.

To: Spekulatius who wrote (49396)	9/13/2012 10:59:17 AM
From: E_K_S	Respond to of 78476

Re: Total SA (NYSE: TOT) - Closed out starter position Vodafone Group Public Limited Company (NasdaqGS: VOD) - initiated starter position Since I already have a large exposure to Oil in the portfolio, I closed out my TOT position that I started 3/27/2012, collected my dividend and booked a small gain. I moved the proceeds into VOD as I will still get the foreign exposure I want in Europe but through a telecommunications provider. As already mentioned, VOD owns a chunk of VZ stock so they should benefit from all the new U.S. and European 4G services contract revenue from the new new 4G Iphones. I find the value in the increased cash flows that VOD will generate vs the intrinsic value of TOT's oil assets. VOD does carry a lot more debt but I see better long term growth in the wireless market. I am also going for the dividend income and VOD pays twice a year (NOV and June) w/ a 7% yield (less foreign tax withholding). I currently own T, VZ and VOD will expand my exposure into Europe and the EU. I fell a bit better about investing into the EU now vs the concerns earlier this year. Telecommunications is a quasi utility and a necessary service for most everybody. EKS

To: Spekulatius who wrote (49396)	1/2/2013 3:47:30 PM
From: E_K_S	Read Replies (1) \| Respond to of 78476

Vodafone Group Public Limited Company (VOD) Upped my current position by 50%. Both T & VZ are selling at their high end. VOD is near it's lows. Therefore, I bring my average cost now lower. Forward PE according to YAHOO is below 10. Dividend around 4%. Hard to add much on a 261 pt up day. However, I still see value in VOD as EU works on their economic recovery. Also, as discussed earlier VOC owns 45% of VZ common shares. EKS

To: Spekulatius who wrote (49396)	2/22/2013 6:27:56 PM
From: E_K_S	Read Replies (1) \| Respond to of 78476

Verizon Communications Inc. (NYSE: VZ) - reduced position by 33% Linn Co, LLC (LNCO) - peeled off 50% of high priced shares Magnum Hunter Resources Corp. (NYSE: MHR) - peeled off high priced shares for small gain Looking to raise a bit more cash, I decided to peel off a few of my VZ shares bought 12/18/2009 @ $30.71/share booking a 48% gain in just over 3 years. That works out as a 16% annualized capital gain and w/ a 5% dividend you get over a 20% annualized return. You pointed out their pension liability which is large and at a 16 PE it is no longer a value investment "hold". For me, since their dividend is now under 5% (currently 4.6%), I think I can get a better grower and similar dividend in other names. I may put the proceeds into more VOD. I also may direct these monies into INTC below $20.00/share and/or a MLP NG gatherers. Also from your previous post, I decided to reduce my LNCO exposure by 50% and sell my high priced shares acquired recently for a small profit. I like the general idea of reducing my E&P exposure and LNCO was a good candidate for the reasons you posted. I sold some high priced shares in MHR to book a small profit for the same reason. I do like the company but really want to own shares of their MLP NG gathering and processing facility they plan to spin off. I will use these proceeds to up my shares in that division if/when they do the spin off. ------------------------------------------------ Everybody is betting that we should sell in May and go away so maybe some value plays may present themselves if this occurs. I will be doing more portfolio selling and balancing my total holdings. I am seeing many of the material stocks getting back into value ranges. CNX, VALE & AAUK are three I may nibble at on any lower dips. I am still mostly in stocks but do have 8% cash and 17% cash like bonds/preferreds. Too much selling in my taxable account generates too many capital gains so I generally sell my high cost shares first as a rule and then find those I feel are fairly and/or over valued. It would be easier if everything was in an IRA. So my sell decision(s) are a bit more complicated. EKS

To: Spekulatius who wrote (49396)	3/7/2013 4:12:34 PM
From: E_K_S	Respond to of 78476

Re: VOD Reading through some of the news stories Analysts value the VOD wireless stake at $115B. That comes out to $23.37/share. Therefore at today's close at $27.00/share, all the rest of VOD is valued at $3.63/share. I am sure a lot of numbers will be tossed around but this is the first "public" valuation I have heard just for their wireless assets. FWIW, Bloomberg radio also confirmed this value so it is somewhere in the ball park. EKS