Telecom Corp of New Zealand (ADR) (NYSE:NZT)
The Company is a telecommunications service provider in New Zealand, offering a comprehensive range of products and services to consumer and business customers.
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Good Dividend payout and has been beaten up. Expect stock to drive to 10% year over year growth
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I liked it at $30, I like it even better at $22 and change
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huge dividend + very defensible position + news can only get better = outperform
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NZT will continue retooling their business model as they adjust to a more competitive environment.
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Dividend and currency play
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NZT has suffered recently. Through deregulation it will inevitably lose some market share. However, I believe, as the incumbent monopoly, it has plenty of time to diversify. Good dividend yield.
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Until NZT can overcome the hurdles being put in front of it by the NZ government I think it will underperform.
Recs
great dividends, stable business, major competitor not likely.
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