Jeffrey Dow Jones
Hedge fund analyst, newsletter provider, research analyst, portfolio strategy

Hellenic Telecom: In Great Shape And Slightly Underpriced

Can you think of a more hated and depressing investment than a Greek telecom?

Seriously. I suppose there's Russia. That's a market that investors have really left for dead. But the world still hasn't completely embraced the Greek market yet, at least not the way they were before the bust.

It doesn't seem that Hellenic Telecom's (OTCPK:HLTOY) marketing department got that memo, however. Check out this gem from their 2012 annual report:

Their financial reports might be in Greek, but I don't have to speak the language to know what that means.


And magic!

Seriously, though. This is a $4.5 billion company. Hellenic Telecom is not just the formerly-state-owned borderline-monopoly telecom provider in Greece,...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details