Whatever happens with the Elections in Italy, what is certain is that businesses will continue to move forward with their plans regardless of the political song and dance that is inevitable when dealing with Italian politics, money needs to be made. Who knows if after the election this government will even stick or there will be another overhaul in the months that ensue… Although this will impact the markets it seems to be priced in as the markets expect delays in Italy joining austerity to be exactly that… a delay. Just like in football , the italians take a dive before conceding to the card. :p
So what do I have for you guys now? Some contrarian plays with some serious value.
France Telecom ADR ( FTE)
This bad boy is yielding a little under 17% at these prices
The last 11 years Of France telecom has been seeing margins…
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