The Investment Doctor
Long/short equity, value, debt, base metals

Bpost: A Safe European Dividend Idea In A Quasi-Monopoly Situation

Editor's Note: There is much greater volume on the Brussels exchange.

Introduction

I have been writing a few articles about European companies lately and already discovered quite a few interesting investment ideas. Today, I'd like to make a case for Bpost (OTC:BPOSF) (OTCPK:BPOSY), the Belgian post service company. It's paying a pretty decent dividend and more importantly, the dividend seems to be safe as it's being covered by the company's free cash flow.

In this article, I'm making a case for Bpost as a safe dividend play with buyout potential, as its operating and financial performance are making this company the best-of-breed in Europe.

Bpost has a more liquid listing on Euronext Brussels, and it's part

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
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