FYI: I like the mobile and wireless space, and hold positions in VZ, VOD, T, CTL, FTR, WIN, AMT, and NZTCY. Most of these stock have better than average yields, and I believe that although the wireless industry has matured, there is still a good deal of growth potential. One way to play this sector is with T. Rowe Price Media & Telecommunications Fund (PRMTX), which stands head and shoulders above the other funds in this sector.
Regards,
Ted
http://online.wsj.com/article/SB10001424127887324432404579048881316725164.html?mod=WSJ_hps_LEFTTopStoriesM* Snapshot PRMTX:
http://quotes.morningstar.com/fund/prmtx/f?t=prmtx
Comments
Telefonica has been battered hard. -9.09% 3-year annualized return and -4.93% 5-year annualized returns.
An interesting look at Telefonica: The Good and The Bad
http://seekingalpha.com/article/1539422-telefonica-the-good-and-the-bad
The other thing I quite like in terms of media/communications is LMCA (Liberty Media.)
Regards,
Ted
That said, a "shout out" to Ted for bringing PRMTX to my attention. I have totally missed this fund and it has been a stellar performer over the past decade, in large part due to its very broad definition of what a "media & telecommunications" stock is. A look at the Top 25 holdings of PRMTX shows that its fund managers are perceptive and skilled. FWIW, I agree with Ted --- I believe this sector, in addition to health care (including medical devices, health care delivery, pharma and biotech) will be big winners over the next decade as well.
Thanks, Ted.
Regards,
Ted
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