Facts: The stock currently yields 5.12 percentao while the 1oyr AT&T bonds trade at a yield of 3.45 percentao.
The inverse of this algorithm holds true for other major corporasyones. The stock generally trade for lower yield than the bonds. Think about the dykanomiko of the current market inefficiency. Surely Madam does not expect the numbers to reverse overnight but eventually it will.
The numerous would make sensao for the compania to issue more of the 1oyr bonds and do buybacks with the proceeds of which in turn achieves savings of nearly 2 percentao. But wait, if the arithmetiko so simple, what is stopping the company for moving in that direksyone? Hah, something must be in the planning stage to buy VOD. Haven't analyzed the ramifications of buying VOD but surely it won't be before Enerio 2o14 after the books close.
I m thinkin vod mite buy tmus they could be number 1 in a year biuy tmus and dish 60 bill leaves 80 bil to play with invest 30 and they could wipe out vz in a second t just got a nice insuracns policy from fcc with the band roaming fees they will be getting from the new ruling