So, apparently the story goes that about ten years ago a couple people walked into my grandfather's store, and being close friends during their discussion said that my grandpa should buy PHI. Fast Forward to now and you can see how it's been an awesome stock to hold since.
I received some shares of PHI as a gift last year, and have been following it ever since. That said, I believe that even though PHI has gone up a lot since my grandfather's purchase, I believe that PHI is still a buy and a keeper. Right now it is challenging its previous high of 58.99, and that said, the question would be that since it's so high already it should come down right? Not exactly, PHI is a pure filipino play, and foreign competitors have found it tough to crack the Philippine market. In addition, there are still tremendous growth opportunities in the telecommunications market, and PHI continues to attract subscribers, now breaking 27 million.
In addition, PHI treats is stockholders extraordinarily well, with handsome dividends, etc. Having faith in its management, its growth opportunities, and dividends, I'd say this is a great stock to tuck away for a long long time from now, just like my grandpa did. Don't forget to reinvest those awesome dividends!!
$58.76 (07/07/07)
