It is Telstra who have caused the slow deterioration in their share price. The share holders should be asking questions over why they submitted a sub-standard NBN "proposal". They should be asking why they do not compete on price and instead rely on marketing campaigns and blood-sucking salespeople. Why is Sol giving out lucrative contracts to certain companies?
They don't need to attack the CBA do not have a monopoly on the banking market. There are many other banks to compete on price/customer service/branch locations etc... if CBA drop their game.
The shares are going to fall lower. Wait for the announcement on the NBN. The best shareholders can wait for is a NBN focused on providing back haul and allowing ISP's to provide their own last-mile solution. This'll reduce CAPEX costs to the network creator and maybe spare Telstra's SP. Any announcement that completely removes Telstra from the contract will be devastating. What would you prefer, to lose out on a small price rise or risk a massive drop?
Currently not holding but anything half-way positive and I'll be snapping them up if still cheap.
TLS Price at posting:
$3.03 Sentiment: ST Sell Disclosure: Not Held
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