I've just entered quite a bit of info on the VOD wiki and so far, I get the feeling Vodafone could be a really great yield stock. It's yielding twice the best bank account I can find, cash flow looks strong, and management is focused on getting the most out of existing operations rather than investing in new adventures in spectrum.
The only fly in the ointment is a report I saw that it was losing market share in Europe. Now, it might be doing so precisely because of management's actions to preserve cash - but is this the soft underbelly, and could we see dividends being trimmed in a couple of years' time if its business starts slipping?
