Currently at $2.70 these are a bargain!
Once all the idiots have sold out the better things will be for Telecom. Telecom is not the company it was 4 years ago. It is a lean mean telco run by a very smart CEO that will continute to dominate the NZ landscape for many many many years to come.
Lets hope the investors bailing out at present are the idiots who only invested in the company for their dividend - greedy people who were only ever in it for a quick return. Those same people who pushed for Telecom to make big profits and caused the problems that are now the stumbling block the company is having to deal with.
Those buying shares now are the smart ones who realise that a bargain they are getting...
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