thoughts on pwt, page-2

It's cheap compared to its peak of $3.70 in 1999. The big shareholders (WilTel and the NSW Govt) are just not going to let it die and admittedly PWT is SLOWLY growing its revenue.

It's an unhappy place to work for what that's worth.

There is talk of a new investor taking a slice of new equity but that may have faded away since it was supposed to happen a few months ago. That would dilute the share base but it may bring some new business as a sideline.

This is an un-entrepreneurial company so don't expect any positive surprises on the earnings front, but it is #3 after Telstra and Optus in network reach and they own their own network. Therefore a takeover target for sure if or more likely when the telco industry recovers.