I am a long term holder of TLS in our SMSF, and like a lot of punters have grave disappointment in the TLS share price and performance in recent years.
However I long learnt a big lesson in share investing, buy when quality big name blue chip stocks have their day out of the sun and yes, TLS is having difficult times post NBN and deciding where the future is.
TLS will not go the way of companies like Arrium or other big name corporates with fly by night ambitions, promising the world.
TLS is and will continue to be the number 1 telco in Australia and has capacity to rebuild from here. Look forward 5 to 10 years and ask yourself a question? Will TLS have dug itself out of a hole and what will be the future, NBN or 5G? The latter of course, and TLS will be at the forefront of this dynamic
Therefore, forget all the noise around and doomsayers reckoning that TLS will never return to dominance.
My strategy is to accumulate at these levels, continue to buy the dips and take the still wonderful 6+ %
dividend and franking credits and enjoy the return to capital growth in coming years.
Each investor needs to take their own position and mine is very clear.DYOR
TLS Price at posting:
$3.43 Sentiment: Buy Disclosure: Held
(20min delay)