Australian Shares and ADRs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Australian Shares and ADRs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (93)	2/3/1999 2:27:00 AM
From: Paul Corbett	Read Replies (1) of 96

Telecommunication stocks are hot at the moment. It may be that CWO is overvalued. It has high borrowings and low earnings.It has had to pay for cable rollout and has yet to break into local call market. For this reason Telstra is the best entry into the market. Whilst CWO is overvalued there is nothing to say that the price will fall either. Funds will acquire it to maintain portfolio exposure to the sector. The same reason that TLSCA and AAPT are in demand. There is only good news about the Australian economy at the moment. Good growth, low interest rates and Asia probably to improve over the next 12 months. I would not short such a hot sector. Save your money...add to your TLSCA...the second 19% of the float should come out soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next