Richard Coppleson On Should I Buy Telstra, page-14

From Coppo Report - still negative = -Telstra {2.87 0.01 0.35%} still looks awful, as it trdes just above yesterday’s 7 year low of $2.80. I’ve been negative on this since Sept 2016 when pushed a Sell at $5.00 & not changing my mind down here.. .. Stock remains a Sell / Avoid .. I have heard many retail investors just don’t believe the div can be cut & have some “hope” it will be maintained.. When your business is under attack from intense completion & EPS is declining then it’spretty simple equation that comes out with this … the dividend  WILL be cut – they may have a year before – but its going lower &… The chorus of instos now calling for a div cut won’t be missed by the Telstra board.