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Not so long ago Charlie Aitken was expounding the virtues of Telstra and a $7 + share price, as of today the share has dropped to $5.30. We haven’t heard much from Charlie subsequently on the direction of TLS. Your view on TLS would be appreciated.
A: I, like Charlie, have been wrong recently on Telstra. I wrote back on 17 August to hang on to your Telstra and buy more in dips (see here). Since then, the price performance has been pretty disappointing.
Your email prompted me to go back and have another close look – and I still can’t see any real reason to change this view. I will be writing about this in Monday’s Switzer Super Report.So, I am hanging on to mine – and in dips – looking to add.
PS. I haven’t checked in with Charlie yet. I don’t think they would be in his portfolio, as his focus is on growth – not low risk, tax advantaged income.
