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David Einhorn Comments on Vodafone

May 13, 2013 | About:

In addition to MRVL and the Yen, Vodafone (UK: VOD)(NASDAQ:VOD) was another material winner during the quarter. It is now clear that Verizon does in fact want to buy VOD’s 45% interest in Verizon Wireless. We can hear them now. We believe that a premium sale followed by a successful return and/or redeployment of the proceeds could unlock substantial value latent in VOD stock. VOD without Verizon Wireless might also become a good acquisition target for AT&T. During the quarter VOD shares advanced from £1.54 to £1.87.

From David Einhorn's first quarter 2013 letter.


Rating: 2.0/5 (1 vote)

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