- The American stock market doesn't offer many great opportunities to start new positions at cheap valuations. Therefore, we must look at Emerging Markets, specifically Latin America.
- Telefônica Brasil offers a high dividend yield, has a net cash position, and has a low price to free cash flow multiple.
- VIV has grown market share and lowered its churn which shows it offers customers a good value and is executing well.
- VIV has strong growth potential via the expansion of fiber, value added services, and IPTV.
For further details see:
Ignore AT&T, Buy Telefônica Brasil