Originally Posted by
Silverlight
Sold FPH down last week and bought some Chorus, very good price on yield, earnings or DCF in my investment view.
In my amateur technology view (and someone who upgraded to fibre in March), fibre is the way forward simply because of speed. The market place will always have people who code stuff terribly, build websites poorly, make files that are too large, and while geek purists can grandstand that we need to be smarter about programming et al, there will always be developers who are monkeys, therefore, in my lay mans view, you will always need a bigger pipe to cope with more and more data.
From a political economic view, while Craigs view on downgrading Chorus is valid, it is a short term call, and in 2 years time we will be back at 3.5+, with two 25 cent divs in the bank as well, and Craigs will have a buy based on yield.