with declining earnings, and circa 4-5 years before any...

with declining earnings, and circa 4-5 years before any turnaround (they need to come up with a capex plan ......) and (imho) rising bonds yields - this stock is likely to continue to underperform ........

once the hard assets are "removed" (in exchange for cash from NBN), the stock is a highly geared retail play - that is extremely leleveraged to any chg in customer base .........

is there going to be an inc in competition in retail internet as a result of NBN ........ummmm ....yep .......

are other companies investing large amts to compete at the retail end of mobile communications ..........ummmm .....yep ........

so - I will wait till it retests previous lows ........before even thinking abt entering ......

in the interim - they still need to come up with a bloody plan ..........the interweb of things aint that ..........

cross-selling a (formely) 3rd party sports channel is also "not a plan" ........

cutting costs - is just a part of life in retail land when new enterants come and play ......its also not a plan .......

waiting paitently ....................for said plan ............

rgds
Value_Hunter