New Zealand Telecom

Monday July 3rd is a day when not much will happen in the US market. Even my post Russell Rebalance trades will have to stay pat until later in the week or next week. 

Instead, let us look at New Zealand.  New Zealand Telecom (NYSE symbol: NZT) has been beaten up lately because the New Zealand Government is out to break NZT monopoly and create a more competative market for telecom services.  What is good for the consumer and business activity may be bad for the NZT.   But NZT, to their credit, is not standing still.  Instead of adopting the American monopolist strategy of hiring more government lobbyists, they are adjusting their business strategy. 

Vitaliy Katsenelson from The Motley Fool writes an excellent article describing both the bull and bear case for the stock and the company.  Read it here on his blog.

Disclosure: Nothing in this blog is meant to be a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here; I desribe only those that I think might be interesting. Consult your own investment professional before buying or selling any security.  

David Neubert owns New Zealand Telecom (NZT).