time to hang up on tls imho, page-23

mick1708
There are many people like you, who have had enough and decided to sell or have been forced to sell the stock. I've decided to hold.... Here are my reasons:
- highly profitable business; return on equity is over 30% a year;
- lots of upside when the economy eventually turns around;
- earning should hold well during the economic downturn, and, hence the dividend is likely to be maintained;
- free cash flow is projected at $6 billion (which doesn't hurt in this environment)
- the share price is all time low; so the upside is more likely the lower it falls;
- 9% fully franked dividend vs 5% morgage offset vs 4% interest (taxable) on bank deposit vs 7.6% margin loan (tax deductable);
- in two years, when this resession hopefully finishes, you will already have earned about 18% return after tax.
- the builder of the NBN will fail at some stage.