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  • nedlevine nedlevine Jan 13, 2010 3:25 PM Flag

    Starting a position?

    From what I've read, this company has a good, solid stream of income. They used to be the New Zealand Post Office, but was privatized in the early 1990s. Consequently, they are the dominant telcom for land lines in New Zealand. They are also the second largest mobile phone company in New Zealand and the third largest in Australia. Thus, they will will have stable revenue sources for the foreseeable future. Now, whether they have growth potential, too, is another thing. Companies like this are old, stodgy, stable entities, good for consistent revenues and dividends but not necessarily fast growing. Their customers complain that they are a big bureaucracy that doesn't respond quickly to changing consumer needs. But, don't rule them out for long-term growth, either. These stodgy old companies have a lot of cash on hand and can buy new technologies when they see that it is essential. If you want piece-of-mind and want to sleep at night, this is good company to own. And, who knows? Maybe they will show some growth, too?

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