Skip to Content
scroll

If MM didn’t already own Telstra….

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

If MM didn’t already own Telstra….

Hi MM, TLS is a stock I have been watching for a while now, waiting for a potential opportune entry point. It is now down another 3.5% today (as at the time of writing; the market hasn’t closed yet). Further to your update on TLS this morning, if MM did not already own TLS in its Active Income Portfolio, would MM buy TLS for that portfolio at or around this level (assuming you had available cash, etc.)? I see that TLS is still showing as “Active” in the Portfolio Holdings List on the MM website – is my understanding correct that that this means you still consider it a Buy at current levels? Thanks, Darren

Answer

Hi Darren,

This week MM took TLS off the Hitlist of our Growth Portfolio but we remain holders in the Income Portfolio for just that, income – two very different concepts.

  • We have TLS as “Active” in our Income Portfolio because we would be happy buying it today for income.
image description

Relevant suggested news and content from the site

Back to top