Where to from here?, page-134

@ivhunter

My pick of the bunch in the Telco sector is TPM, not VOC. In the TPM thread, I have posted several times over the past few months, explaining why I decided to invest in it.

As for VOC, I'm not interested at all because:
- There is no major shareholder operationally involved in the company
- Integration problems arising from the 4-way merger that were finally admitted last week are likely to continue in the short to medium term
- It doesn't have the same spartan cost culture as in TPM
- With so many adjustments made to the consolidated account due to the various mergers over the past 2 years, I find that it is beyond my ability as a private investor to really understand what's going on in the company. And if I can't understand it, no matter how much it has fallen, I won't invest in it.

As this is a RCG thread, I should stop now as I don't want to talk too much about another company.

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Back to RCG, I read today that Decathlon is going to open its first Australian store in Tempe, NSW. I have never been inside a Decathlon store before, so I have no idea how wide its shoe range is and how much of an effect it will have on RCG's network of stand alone stores.

http://content.decathlon.com.au/tempe

With Amazon and Decathlon coming and Rebel presumably fighting back, my simplistic conclusion is life is going to get much tougher for RCG than in the recent past.