Over 600 Livewire readers responded to our survey this morning asking: 'If you had to invest in one Telco stock right now, which would it be?’ Telstra was the clear winner with 41% of votes, as per our chart below. This is despite Telstra stock seeing several steep intraday plunges in the last few months with the stock now down 14% for the year, and down 35% from its 2015 high. However, Livewire readers are not alone in singling out Telstra as an opportunity. In Tuesday’s Future Generation Investment Forum, Sean Fenton, Portfolio Manager at Tribeca Partners also went against the market sentiment to offer four reasons to buy Telstra. We have prepared a short video isolating Sean’s speech at the forum, which you can see here:
Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.