Forum Archive Index - September 2000

["Peter Maiden" <pmaiden@today.com.au>]

Marilyn - good analogy.

Talking of commodities there was some guru talking on CNN the other night about 
the decline in telco's - his thoughts were that copper wires, fibre optics, 
broadband and all those sort of things (things I don't kmow much about)were 
only a commodity anyway these days. 

Many players and a commodity only lead to intense competition (prices etc) and 
reduced profit expectations. That guru was saying that is how telcos should be 
viewed - a commidity stock!

No doubt it is lot more complicated than that.

In that context now that TEL is down below 600 (as many predicted) is it a good 
buy?

Any good sound reasons (based on the present and the future) why the price 
should go up?

Or just a speculative buy in the hope that the price might go up to where it 
was once?  

Just a thought

Peter 

(Disc - Tempted by TEL) 

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