A diary of the thought process behind my investment decisions
Added To Vodafone
I have added to my position in Vodafone. Morgan Stanley reduced 2013 estimates on weakness in Europe from 163 pence to 162 pence. The stock trades with an 8% dividend yield and 10% free cash flow yield. I could not care less about a penny here or there, or a pence for that matter. I believe this is an opportunity. Vodafone is my largest position.