David Driscoll
Telefonica S.A.
TEF-SM
TOP PICK
Apr 07, 2010
(Also trades on the NYST under TEF-N.) Huge player in both Europe and South America. Dividend increase could be from 20%-40% this year, which would put the yield close to 8%. Brazil is going gangbusters in this company have the wireless assets. Also selling Pay TV. Very cheap.
Largest telecom in Spain but also has exposure in Latin America and South America. Just introduced Internet phone service in Brazil. Yields about 4%. Trading at less than 3X cash flow. Likes the demographics of rising per capita income in South America and Latin America.