This Contrarian Stock Idea Could Pay off Big Time

Europe, as we say in the South, "is a big 'ol mess." Authorities have put a tiny band aid on the wound, which is also known as "Greece." Yet massive problems lie ahead in the other Euro-peripherals: Spain, Portugal, Ireland and Italy. But, as you may know, I'm a huge fan of looking for opportunity in chaos, and I've found one in Portugal Telecom (NYSE: PT). Portugal Telecom provides a full suite of telecommunications products such as fixed line, mobile, multimedia, data and corporate services throughout Portugal and in other countries through subsidiaries — but more on that later. It's not the prettiest picture considering the company is domiciled in the "P" of the "PIIGS," where . . . → Read More: This Contrarian Stock Idea Could Pay off Big Time