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David Einhorn Comments on Vodafone

May 13, 2013 | About:
Holly LaFon

In addition to MRVL and the Yen, Vodafone (VOD)(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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