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Pitfalls of Yield Chasing

Pitfalls of Yield Chasing

“We have delivered on our commitments and we are laying the foundations for future growth into the next decade”. These were former CEO David Thodey’s comments at Telstra’s (TLS) first half 2015 results. The market lapped up his comments and the company’s PE multiple hit 18x, a level not seen since the technology boom in […]

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28, October 2019