Forum Archive Index - June 2000

["hugh webber" <hugh.webber@clear.net.nz>]

With the sort of news now being released about Telecom - lower
profits, more competition, big capital requirements, 
cutting dividend - I got out of Telecom
a little while ago and intend staying out until they've finished
announcing the bad news including how much lower dividends
will be next year. When the muddied water clears then I might be
tempted to nibble again - in the meantime I can see it going down to 
$6 again. Other Telcos around the world are in similar difficulties.
Bit of a change from my previous attitude but then we weren't into
the regular doses of bad news then.

cheers,
Hugh


----------
> From: Philip Robinson <robph639@student.otago.ac.nz>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Telecom
> Date: Sunday, 25 June 2000 21:48
> 
> What are peoples thoughts for the week ahead for Telecom.
> I read that there are rough times ahead for profitability, but they
should
> pull through in a couple of years, but where the shareprice will be no
one
> can say.
> 
> If there is anyone out there, I would love to hear your predictions for
> Telecom for the week.
> It will start the week at $7.33. I will start by picking a gain of 27c to
> close the week at $7.60 on light volume.
> 
> Cheers
> Phil
> 
> 
> 
>
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