Should Investors Buy, Sell, or Hold Telefonica in the Second Half of 2012?
Today, Andrew discusses Spanish telecommunications provider Telefonica (NYS: TEF) . The stock looks great on paper, but it carries a ton of risk since 25% of its market comes from Spain. Spanish revenue for the company already took a huge hit as Spanish unemployment surged, and multiple agencies cut the company's credit rating. Some hope emerges from Latin American growth, but given all the risk, Andrew cautions investors to stay away for now.
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The article Should Investors Buy, Sell, or Hold Telefonica in the Second Half of 2012? originally appeared on Fool.com.Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.