ciao amigo, page-12

Hello Wallstreeter

What u say is true but with those other stocks their income was reduced and they copped lots of bad debts/valuations/writedowns, capital raisings etc. Not so Telstra.

Telstra has a P/E 10.4 and is handing out a 9.5% divi or 13.6% including imputation!!!! And that divi will not go down in the short term (gulp I hope). Far better than bank deposit interest.

The above figures to me point out that the market is saying the divi will reduce, and substantially, or the share price will reduce. Or both.

Retail shareholders have had a rough run with Telstra over many years now and that will reduce confidence. Also the future of telcos is very unclear. What with Rudd trying to sell a $43 billion upgrade without a business plan or Telstra backing! Sel had his last spray on that and reckoned it will not happen.

Shareholders d'ont know what the future holds but to my mind as above figures show at the present time Telstra is pretty good value.

Unless of course someone comes in from left field with innovative and efficient technology and takes Telstra out. Something in this direction may well happen i reckon but if it does I also reckon Telstra will be in the game.

PP