Hold on to your stock, though, as this news makes Millicom an even more attractive takeover play. With Millicom now trading at just over $48, any potential bid would likely come in at close to $60. Move your sell stop to $42.20.
Lock in Triple Digit Profits in Our Global Telecom Play
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In a recent edition of The Global Guru, I wrote about The New Spanish Conquistadors -- Spanish companies that have exploited their historical links by expanding into Spanish and Portugese language markets in Latin America. Like their predecessors in the 16th and 17th century, these new Spanish explorers have looked far beyond their own small domestic market of 40 million to reap rich profits for themselves and their shareholders.
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