Answer the Call With These Foreign Telecoms
The stock market staged an impressive snapback rally over the past two days, but I believe the next few months will be much bumpier than the first three months of the year, and we will be lucky to hold the substantial gains of the first quarter. One area that did not participate fully in the rally over the past six months is the telecom sector. I specifically like foreign telecoms paying high dividends that have been affected by the crisis in Europe and its periphery. Here are three with low valuations and high yields I like here.
Mobile TeleSystems (MBT): This is one of the leading telecom providers in Russian and the countries of the Russian Federation. The stock has rebounded nicely since its lows in October (along with the overall Russian market) but it is still below its highs earlier in 2011. Russian stocks overall should do well now that the political situation has stabilized somewhat and as long as oil prices remain high....335 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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