VPG vodafone group plc.
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rate drop will be good for valad., page-5

  1. smartinvestor22
    274 Posts.
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    03/02/09
    12:29
    Post #: 4755009

    aren't valad mostly hedged? which means even bigger losses on interest hedging contracts.

    also, if they breach their debt convenants and become at the mercy of their banks, lower interest rates won't do them any good.

    VPG Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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