Forget all about asbestos, its been blown out of all proportions, Labour`s Craig Emerson was even on tv trying to confuse the public and say John Howards liberal party should have fixed it years ago. So the pits have been known about for years & wont cause any trouble unless somebody cuts or grinds them. Telstra uses professional asbestos tradesmen if anything needs cutting. Telstra has the financial backing to cover any of the unforseen problems with the pits. Sales of internet enabled devices such as laptops, tablets, I-phones are selling in their billions, and TLS are one of the biggest sellers of these appliances. People are downloading movies in their millions before they arrive on the big screen in Australia, and TLS are one of the biggest internet providers. With Telstra`s huge dividend looming in august, it adds up to over 8% when you add on franking, in my opinion the current hoo-hah about asbestos only makes it a better buy. It was only a few days ago, I think it was citi bank on foxtel sky news page 602 valued TLS at $5.60 You never know they may even announce an increase in the dividend.
TLS Price at posting:
$4.68 Sentiment: ST Buy Disclosure: Held
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