2000 target is YR2011 lows
and 1850-1900 target is 2009 lows
With recent news that TEL's earnings disappoint, I believe GLO should selloff too. and GLO's values wayyy higher than TEL's 16x.
Another probable news is that SMC is joining the telcos offered in the Philippines, so good competition means less income.
We can't blame the performance of it's stock, since TEL is traded in the NYSE, and traders in NYSE are very sensitive to earnings.
Down are the days where we get 6-7% cash dividends from telcos. I am scared that we could retrace 38.2% or 50% since the 2003 rally(where price is just 300 per share).
ReplyDeleteNice Write-up
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