Don't sell. You'd be mad to... the business is fundamentally sound.
Telstra is one of the most profitable telcos in the world. Return on equity is over 20% so the engine that drives earnings growth and higher dividends is sound.
Think of it like this...owning TLS is equivalent to having money in a fixed interest account that pays 20% a year.
In addition, it seems inevitable that TLS will build this new fiber network and they will will do it without too much regulation.
And you know what happens to stocks with monopoly characteristics....think ASX, COH ... they are priced on a high multiple.
So the future looks good.
Further the guy who called the sell on TLS, MORGAN Stanley analyst Andrew Hines has upgraded his recommendation from "sell" to "hold"
This according to the SMH amount to a "buy" for institutions.
TLS is only a midday conference between analysts and institutional buyers away from being placed on institutional shopping lists.
Check out the article......
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http://smh.com.au/news/business/telstra-bear-changes-his-ring-tone-to-a-buy/2006/03/30/1143441275542.html
any surprise is on the downside & its mega., page-2
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Last
$3.96 |
Change
0.010(0.25%) |
Mkt cap ! $45.75B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $3.99 | $3.92 | $146.9M | 37.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19675 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 238747 | 4 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |