Vodafone Group PLC (VOD)

Just bought a little more. Not a bad trading stock $mid20-$30. European situation is continuing to spiral down and they are centered in Europe but the dividend is safe. They are doing well in emerging markets.

Major mobile phone company in Europe. Biggest asset is Verizon. Came off and pays a nice yield. Is concerned they may cut the yield. It had very high debt levels and they sold assets over the last couple of years and reduced it. They realized a lot of value when they sold off assets. Buy it here because it will grow slowly and give you a nice dividend.

Chose not to pay a special dividend this year. European company. They are going to pay down debt and buy back some shares. This is a very good decision. Will feel some pain short-term but a good long-term investment. A core holding for him.

Likes this one very much. Expecting any time now for Verizon Wireless (VZ-N) to declare another dividend which will be of great benefit to them. Their biggest asset is that they own 45% of Verizon. 7.5% yield.

Made a lot of acquisitions and grew by those acquisitions and took on a lot of debt. Over the last several years, the CEOs of these companies have actually gotten rid of a lot of their non-core assets. Great balance sheet. Trades at about 10X earnings. 5.6% dividend. Their biggest asset is a 42% ownership in Verizon (VZ-N) wireless and will get a big dividend in January and will probably buy back shares. Won’t grow dramatically from here but it’s a good story and pays a nice yield and will slowly chug along.

Based in Europe. 45 percent of Verizon wireless. At some point they will buy the rest of Verizon wireless or vice versa or maybe they will merge. First ever dividend last year. Verizon Corp. is starved for cash, so believes Verizon wireless will payout another special dividend this year.

A lot of these international telcos are really cheap. This one has one of the best debt to equity ratios. Very good balance sheet. 6% yield. Doesn’t trade at a very high PE ratio. One of the problems is, “where does growth come from”. Recently a lot of the growth has been coming from the data side and especially from the smart phone business, which is slowly getting to capacity level where you are not going to see the higher and higher rates of return.

Worldwide wireless company. In Europe and developing world and its most important asset is 49% of Verizon (VZ-N) in the US which paid out its 1^st dividend earlier this year and thinks this will be a regular thing.

6.6% dividend yield vs. 10% for France Telecom is fine. Their trick is the dividend payment from Verizon. This should continue over time. Are going to be dragged down a little because of Europe. But if you look at 30 years, they grow slightly in advance of economic growth. Well capitalized, good balance sheet, good safe dividend and exposed to international markets.

6.8% sustainable dividend. In distressed times they have shown they can do reasonably well even if not growing. They are doing very well. Growth driver is India, a small portion of the business and then they have Verizon, which is a very undervalued asset. A top holding in many of his finds across the board.

(Market Call Minute.) Doesn't like the geography or the euro. Thinks the euro is going down against North American currencies. Not a bad company.