TLS 0.00% $3.84 telstra group limited

why the panic at profit downgrade?

  1. 32 Posts.
    3 weeks ago, in their private client research, SSB forecast a 10% drop in NPAT and eps the current year, and a 0.3% drop for 2006/2007. No doubt other houses have similar estimates.
    TLS have come out and confirmed those estimates, so why is the market acting "surprised" with this mornings announcement?
 
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