Its only my opinion but remain bearish re MTU. The competition is cutting prices and fighting for mkt share. See my posts re TPM.
Ironically Mr Mkt has loved the news the monopoly commission has given go ahead re TPM's TO of iiNet. I think the opposite. TPM wanted AMM and iiNet very much their 2nd choice. Plus despite iiNet paying their shareholders a monster speciall div TPM still paid 30x earnings!! It boggles the mind.
I'm fully aware each new customer costs a telco very little yet produces substantial rev. But TLS finally becoming price competitive as I've explained on TPM posts. MTU has been a brilliant buy for holders over the yrs. But its the future that counts. Just be careful and don't let past performance blind yr outlook. But my attempts to short were at above $11. MTU now 10.38 so not as overpriced as 3 weeks ago. IF the yr end is good and SP jumps... I'd def bail. dyor.
MTU Price at posting:
$10.38 Sentiment: Hold Disclosure: Not Held
