Top Stories (OTE)
March 21, 2010 10:11pm EST
By Dimitri Kanellopoulos, BuyActive.com
Pick of the Month - (OTE) April 2010
NEW YORK (BuyActive) -
Here is my Pick of the Month for April 2010, Hellenic Telecommunication Organization, S.A.(OTE).
Yes, it's time to buy another Greek stock. The uncertainties facing Greece have been in the news almost every day for the past couple of months.
So much that it has had a negative impact on otherwise profitable companies based here. One that has taken the hit is OTE.
Hellenic Telecommunication Organization, S.A. (OTE) is a company which "together with its subsidiaries, provides telecommunications and
related services to residential and small business customers in Greece, Albania, Bulgaria and Romania." Previously completely state owned,
at present, the Greek government controls only 20%, with Deutsche Telecom owning 30%.
At the mere mention of Greece and its financial and economic problems, many have panicked, resulting in the stock being oversold. As they say
though, "when everyone is selling, that's the time to buy!"
Hellenic Telecommunication Organization, S.A. (OTE) pays an 8% dividend, trades for eight times earnings, share price on
March 21st 2010 of $6.17, down from just under $10.00 before Greece’s financial crisis.
OTE's shares are currently trading on the New York Stock Exchange, as well as on the
Athens Stock Exchange and the
London Stock Exhange.
Earnings Forecasts 2010, 2011
For the fiscal year 2010, the average Earnings per Share Forecast is 0.66, for the fiscal year 2011 the average Earnings per Share Forecast is 0.70.
Hellenic Telecommunication Organization, S.A.(OTE) is a solid company with great potential. For more details and information visit
Hellenic Telecommunication Organization, S.A.(OTE).
For the smart investor, now is a good time to invest for medium to long term. As long as the Greek government keeps on the right fiscal track,
then there is money to be made.
There's encouraging news for the future of Greece as well as many opportunities and great potential to be found in Greece. I believe it is
unlikely that the government will default on its sovereign debt obligations. The government is on the right track by implementing cutbacks
in spending and increasing revenues. This is all helping to boost investor confidence and OTE's shares will soon bounce back.
Pick of the Month is not your average newsletter, it is a simple investment tool.
A lot of thought goes into each selection, I don't just pull our monthly recommendations out of a hat.
Each stock I recommend has been evaluated to give you maximum earnings with a minimum amount of risk.
Our target is to limit your downside risk while maximizing your profit by using sensible
and realistic trading strategies.
Any time I put my money on the line, I want to know the odds are on my side.
You don't have to be right 100% of the time, no one is. Nor do you have to perfectly time the ups and downs.
All you need to beat the market is just one good pick and Pick of the Month will help you do just that!
We do not promise unbelievable returns or a get rich quick scheme. We do believe that our visitors can achieve returns that are well
above average by using BuyActive.com as a guide for their stock market investments.
Based on our research and experience therefore, we have come to the following conclusion.
Dimitri Kanellopoulos, BuyActive.com
With a peek into the future, here is my Pick of the Month for April 2010.
Hellenic Telecommunication Organization, S.A.(OTE)
Price on March 21 2010 $6.17
BuyActive.com Price target $8.70
Analyst Stock Recommendations
Hellenic Telecommunication Organization, S.A.(OTE) is sound financialy. When others are running away, my advise is that's the time to buy -
it's a steal! Investors should look to Greece with confidence in this uncertain time because the country has
Check the numbers below. The shares have taken a hit in the last six months of 27.15% due to the the uncertainties facing Greece. So much so, that it has
had a negative effect on an otherwise profitable company, Hellenic Telecommunication Organization, S.A.(OTE). The turnaround is inevitable. The share price will increase substantially.
Hellenic Telecommunication Organization, S.A.(OTE) may be a once in a lifetime OPPORTUNITY...
"Hellenic Telecommunications Organization (OTE S.A.) is the incumbent telecommunications provider in Greece, and together with its subsidiaries forms one of the leading telecom groups in Southeastern Europe.
OTE is among the five largest listed companies, with respect to capitalization, in the Athens Stock Exchange and also trades on New York (NYSE) and London (LSE) Stock Exchanges.
Following an agreement between the Greek Government and Deutsche Telekom, since 5th November 2008, each held 25% plus one share in OTE’ s share capital.
Since 31st July 2009, following the sale of a further 5% of OTE share capital by the Greek State to Deutsche Telekom, the Greek State holds 20% and Deutsche Telekom 30%.
The OTE Group offers a full range of products and services, from broadband services, fixed and mobile telephony, to internet access, satellite, high-speed data communications and leased line services. At present, OTE companies employ over 30,000 people in five countries (Greece, Romania, Serbia, Bulgaria and Albania)".
Hellenic Telecommunication Organization, S.A.(OTE)
Price on March 21, 2010 $6.17
BuyActive.com Price target $8.70 - BuyActive.com Rating