Telstra has a lot of debt ,and as interest rates rise it will impact on profits ..Interest rates are now easing again that's a positive however any kind of cash flow that reduces the debt burden I see as a larger positive. Remember Telstra is widely held by Mums ,Dads and institutions and is a highly liquid stock ...any kind of wobble in StockMarkets will generate broad .selling....Remember Telstra debt to equity is almost 93% and Telstra book Value is only $1.33!!!! Telstra is selling for 3x book Value. and has a PEx 21.67....I would say expensive. Looking at the chart..about $3.70 is support and it bottomed at $2.72 in the last Five years ..with a Major correction in StockMarkets Telstra's fundamentals are not the best and Telstra is vulnerable!!!! All the Best to All
TLS Price at posting:
$3.84 Sentiment: None Disclosure: Not Held
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