porker...you right about the sentiment surrounding Keycorp.... no-one has made money....apart from some lucky one's that have traded in and out at the right time. As I understand the Telstra stake was bought when they thought they should get into IT stocks during the dot com era. Presumably Keycorp has been a problem child for Telstra but they have stuck with them which is reassuring. As the management focuses on the managed services / recurring revenue streams of the business it's going to be much more saleable as it's straightforward and easy to understand. This would be the end game for Telstra and most likely for the management as well....they seem to be happy to sell of bit's of the company in order to maximize SH returns....so why not sell the whole company ?!! One question nags me which I posed to the Chairman, Robert Bishop, today by fax....Why do the directors hold so few shares ?
KYC Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
