Vodafone Group (VOD-LSE)

Telcos outside Canada are struggling and yet offer good value. The market is reaching for growth and will eventually benefit companies that pay larger dividends. VOD has been dead money for a while. However, it's good value now if you're long-term. It's a fixed-income proxy. But you may not see upside until rates rise.

(London Stock Exchange)(Not an ADR. Doesn't like to pay premiums for ADRs. See also VOD-N as an option.) He likes global plays in telecoms. Cell phones are basic utilities in emerging markets. This is the next growth metric. Low margin but spectacular growth.