I’ve found a telecom that’s currently yielding 7.7%. It enjoys the same competitive advantages as both AT&T and Verizon, and better yet, it’s trading at a P/E ratio of less than 12, making it a much better value than AT&T or Verizon. But you’ve probably never considered this company. In fact, I doubt you’ve ever heard of it.
It was one of the most controversial corporate strategies of 2014. In fact, it sent lawmakers scrambling to curb its growing popularity. There was a period of time over the last couple of months where a form of corporate engineering dominated headlines. Apple was one of the most high-profile examples of companies taking advantage of this practice. But a number of other lesser-known firms were doing the same, either by relocating their operations abroad or acquiring an internationally-based competitor.