European Shopping Trip

Many European multinational companies have been hit very hard because they happen to trade in Europe. I have purchased shares of Vodafone this morning trying to take advantage of the bargains. Their Verizon Wireless stake is worth $10 a share conservatively. In the meantime their earnings without Verizon Wireless supports a nearly 7% dividend.

1 comment:

PJ said...

One caution: They haven't been hit hard in Euro terms ... It's the fall in the Euro which has driven the stocks down in dollars.

So if the Euro continues to fall, the stocks are likely to fall too.