im a buyer at $5, page-21

Telcos have all been struggling of late:
TLS was the worst of the lot but now the Italian fraud has hit British Telecom which fell 17% in 1 hour.

SPK looks like it is struggling.

Verizon has never looked as fantastic after the Yahoo debacle and then the Trump comments to Billy Bush in the Verizon truck with the locker room talk. VOD is struggling.

So telcos do not seem heaps popular at the moment.

Should we start investing in water companies, defense and aerospace, mail companies, toll road companies, airports and other defensive?

Macquarie bank suggested Pennon Group, water and sewage in stead of other defensive such as telcos but they own Thames Water, I think, so it may not entirely be unconflicted.

It could be worse. We could be owning Singtel stock. Think of the state of ur health if you had Singtel.