Plenty of talk but no show on dividend from $VZ ... €5.5Bn in free cash not realising this year.
Lots of continous chatter regards the Indian (Essar) accumulation, but only more pain to come :
“We have received feedback from many foreign investors that the growing unpredictability in India’s tax policies creates unquantifiable risks in investment planning,” the ambassadors of the United States, Britain, the European Commission and four other countries wrote in a letter to India’s finance minister. “We are concerned that this uncertainty could affect the confidence of those thinking of investing in the Indian market, who may seek an alternative destination for FDI.”
no positions, but if I was liquid enough, would short the hell out of them.
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