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Re: [sharechat] bargain hunting

From:	"Brent Wheeler" <brentw@bwcl.co.nz>
Date:	Wed, 6 Oct 1999 16:29:33 +1300

Agree with Stuart and Philip on TEL as a stock.  Telco's must be about the
only types of company that simultaneously offer (medium term):

*    growth, and,
*    defensive characteristics.

The story that sums it up for me is:

*    80% of the world's population lives in Asia
*    they currently have 20% of the worlds phones
*    given cellular you don't need power poles and twisted copper pairs any
more.

Only hesitation is Telstra no doubt know this too and Aussie Govts never
seem to mind being "stagged over".  Still.

I just hope you are right about the potential impacts of:

*    a reversed ECA,
*    uncompetitive ACC
*    increased taxes

and the like!

Dr Brent Wheeler
Director
Brent Wheeler & Co. Limited
AUCKLAND


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References

Re: [sharechat] bargain hunting stuart.r.mitchell

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