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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Paul Corbett who wrote (94)	2/3/1999 7:33:00 AM
From: Moominoid	Respond to of 96

Telecommunication stocks are hot at the moment. I realized... I didn't do anything once I made charts of CWO etc. Also CWO doesn't yet have a 100% weight in the All Ords. When it does that should push it higher. Telstra and AAPT both have a 99 P/E of around 30 or so I think but CWO is 125 or so. (AAPT is forecast around $30 million earnings and has a capitalization of about $1 billion). Yet I think CWO is the weakest in business terms. They are also at the same disadvantage that AAPT is vis a vis TLS's continuing monopoly power but it has none of AAPT's advantages in terms of leanness point out. I only have AAPT in Aussie telecoms. Unfortunately I sold TLS when it was still TLSCA a few dollars back. David