And a good sunny beautiful morning to you ACF Mike, <<telecomm industry>> ... I am predicting nothing of the sort, except "possibly, only for telecom and power generation, ... meander along at the bottom, unlikely to reach the glory day levels within the next 20 years, and so it wouldn't matter for any normal investor who leads a normal speculation life-span."
You should interpret "glory day levels" as inflation-adjusted aggregate share price, since that is what matters to the "normal investor", as opposed to revenue growth.
Here is a primer to a way of thought:
(a) telecom service and hardware industries are in over-capacity, with little profit and tepid revenue, dictating slow consolidation
(b) consolidations detracts from capital spending
(c) share price over-valued at the moment relative to profit
(d) telecom hardware ‘space’ being encroached upon by new players in my neighborhood, and soon to be invaded
(e) hardware pricing, with standardization and commoditization, will be compressed
(f) soon to imploding currency regimes around the world will not help matters
(g) next couple of equity booms will not be led by telecom
(h) so, buy gold and its derivatives, and secure energy and its derived assets.
Chugs, Jay |
