Sell BT, Buy CWC.
Friday, May 27th, 2011It is time to take profits on BT (recommended at 135p in November 2008) and switch into another share in the telecoms sector. CWC is currently unloved by the stockmarket but trades on a cheap EV/Ebitda valuation with an 11% dividend yield and has assets including a strategically important undersea telecommunications cable network.