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Hellenic Telecommunications Organization SA Message Board

  • michaelmcmx michaelmcmx Feb 25, 2010 12:32 PM Flag

    buying time, don't you think?

    This is a bloody phone company. I bet every self respecting teenage girl in Greece has a cell phone and mom and dad pay for it. The PPS is being kicked down with the emotion of the situation, not any fundamental reason.
    Any investor disagreeing please post. With OTE under a 52 week low it is IMHO buying time.

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    • It's your choice.

      As for me, I don't want to be stuck holding OTE when the news comes out next month that Standard and Poor's is downgrading Greek debt.

      If that happens, you could see OTE drop 10% or more in a day.

      "THE pressure on the Greek government to deliver on its promise to rein in the country's borrowing levels rose further yesterday with the news that Standard & Poor's, one of the three big credit ratings agencies, could downgrade its rating on the country within a month."

      • 1 Reply to bardinja
      • Thnaks for all the responses. I agree that irrationability still rules Greek stocks and OTE. I do think that relatively speaking the phone companies will do just fine. That Greek teenager girl will go into a frenzy if she thinks her connection to her friends is taken away. Girls will go without food before they give up their phone or social network. Agreed it is too early to buy. Unless income really sinks OTE should have enough $ to payout a dividend. I will wait for a capitulation in the PPS. Certainly below $4 OTE is a buy, unless the country falls into riots.

    • "In my local high street, which boomed after the Olympic Games of 2004, the favourite sport is now window shopping. Clothes and shoe shops seem to be staging permanent sales.

      In Kolonaki, the upmarket Athenian equivalent of Knightsbridge, I saw a shop offering 80% off. People are becoming desperate."

      Do you think desperate people are going to continue to pay for a phone for every teenage daughter in the house?

      Or will they instead decide, from now on we will have only one phone for our household?

      Germany and the EU are calling for the Greek government to impose "austerity measures". With all this talk about "austerity", do you think some Greek parents might decide, hey, maybe we've been a little too generous with our money and we need to start saving more and spending less? Or will they be more likely to give their kids even more cell phones?

      You decide. It's your call.

    • <<< bet every self respecting teenage girl in Greece has a cell phone and mom and dad pay for it. >>>

      Of course a teenage girl probably thinks having her own personal cell phone is a necessity.

      Her mom and dad might not see it that way.

    • In every crisis the phone companies go down just like the rest of them.

      In the Mexican financial crisis you could buy Telmex for 25 cents a share.

      I think you are way to early to be buying here.

      There's no resolution to the crisis yet.

    • Agreed; I am long at 6.04 and will add more shares anytime now that we got a 4% discount today. might drop a bit further tomorrow, but will nibble some more shares soon.

    • I agree, but I also am leaving open the possibility that emotion will drive it lower, a debt downgrade will drive it lower, panic will drive it lower.

      I am long from $6.03 with the expectation that it will drop further and I will add more shares.

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