Most bluechips made mistakes. BHP made many but still survive and doing well. Even Wesfarmers and Woolworths made big mistakes. So too were the big 4 Banks.
I was unhappy with poor judgement in buying Ooyala. But the decision was made by the previous CEO, not Penn.
Now back to positives as follows: 1) relationship with new Government is good. NBN Co will be asked to review charges to resellers. Therefore, margin to telcos could improve.
2) revenue of Telstra Health has improved
3) 5G potential winner (especially under partnership with Microsoft)
4) Telstra Energy potential winner
5) InfraCo becomes a new utility investment for shareholders. Potential capital gain.
6) a lean company in terms of costs
7) increase in dividends
8) well supported by investors
Investing involves looking pass past mistakes/errors and research for new opportunities. I see potential in Telstra.
TLS Price at posting:
$3.96 Sentiment: Buy Disclosure: Held
(20min delay)