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Telefónica, S.A. Message Board

  • rainforest982000 rainforest982000 Apr 21, 2010 10:48 PM Flag

    TEF-unrecognized and undervalued

    Does anyone look at the fundamentals of TEF, and ask themselves why a lot of investors think that TEF is NOT good value?
    According to VL- TEF sells for just a little over an 8.2/1 PE, pays a great dividend, and has paid a dividend since 2003, it's financies are B+ (good but not great), had a deficit only in 2002, since 2000, and earnings have grown from $1.18 to estimates of $6.00 in 2010. VL also thinks that earnings will be $15.00 an ADR in the 2013-2015 period.
    TEF is very large and stable (according to VL), is growing and has a promising future.
    VL also sees a total return in the next 5-7 years of 31-41% per year for investors in this stock.
    VL is correct, or the doubters are correct with this stock- which is it?
    Disclosure- have a small position of 300 ADRs and would like to increase it.
    Is there something that I don't see?
    Can someone give the counter argument to the above?

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