Unfortunately, most of us can't attend the World Series in person. What some of us do, though, is get our scores in real time over the phone. The World Series is becoming more data centric, real time, and wireless, like almost all other aspects of our modern lives, and telecommunications company CenturyTel Inc. (NYSE: CTL) is an enabler of this trend. CenturyTel, which provides voice and data services operating in 22 states, is benefiting from long-term secular trends, and has yet to be fully recognized by the market.
What is interesting about CenturyTel is its 8.45% dividend yield, which is higher than its bond yields by a substantial margin. Additionally, the P/E multiple is about 10 times versus the overall market at about 19 times.
The 8.45% dividend yield gives you a sure base hit. And if you buy calls on CTL, you could be looking at a home run.
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