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Savings Experiment: Snow RemovalThis post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.
"Vivo Participações (VIV), a Brazilian telecommunication company that provides cellular services, is my top investment pick for 2010," says Bill Wilton.
The growth stock strategist for Zacks.com, explains, "Analysts continue to raise full-year estimates for the company." Here's his bullish review.
"The company operates through a number of subsidiaries and is headquartered in Sao Paulo, Brazil. In November, Vivo reported third-quarter results that included over 2,000 more customers, up 16% year-over-year. Overall the company's market share is now just under 30%.
"Service revenues increased 4% since last year to R$3.8 billion. Higher revenues translated to a 154% increase in net profits, to R$636 million.
"There is not a regular flow of quarterly estimates for the company, but Vivo has received several upward revisions for full-year 2009 and 2010.
"Forecasts for this year are up 19 cents over the past 2 months, to $1.14. Next year's Zacks' consensus estimate is now $2.11, up from $1.59, an 85% growth rate.
"Vivo is trading at attractive valuations, especially given the popularity of emerging markets. The forward P/E is about 17 times earnings with a PEG ratio of just over 0.5. Its price-to-sales ratio is above 1.3 times."
Steven Halpern's TheStockAdvisors.com offers a free daily overview of the favorite stocks of the nation's leading financial newsletter advisors.
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