I'm betting CEL will double this year

Discussion in 'Stocks' started by marketsurfer, Feb 4, 2013.

  1. Funny you mention this stock. I bought it for my ira a few times in the 6's and 8's. I don't know anything about it, it just showed up on my screener and it filled a void.

    What makes you like it? Do you think they are going to be bought?
     
  2. It's a 3G provider. Why would it double in 2013? While it look cheap it has -rev growth and 3G is a dinosaur. I don't think it's a double unless it's rolling out 4G asap (doesn't look to be). The TV stuff is a bottomless pit.
     
  3. I don't get out much but I just figured in other countries they would just be happy they don't need to send smoke signals :p
     
  4. Nice tradable trendy action on the weekly but it sure got whacked over the past couple years.

    Nice little bounce at the end. Will it continue?
     
  5. I have bought CEL before so I am tell you from my experience. Many people buy it for its dividend rate but they pass all their income to the shareholders as dividend so low P/E does not mean anything. You will also need to pay foreign tax on your dividend which is about 6%. Don't expect a bounce on that.