Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
Last week we reported on Telecom New Zealand CDS hitting close to its tightest levels for the year at 35 bps. This week it appears the CDS has continued its positive downward trend to as low as 30 bps – all this occuring while the stock has hit an all-time low of NZ$2.13 in early trading today and a very high 10+% dividend yield.
While Telecom's stock price has done poorly so far this year, its CDS is one of the best in the telecommunications space and is better than larger players including AT&T, Verizon, T-Mobile parent Deutsche Telecom and other European Telecom companies including France Telecom, Telefonica and Telenor. Is there something credit investors know that stock investors do not?
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Telecom New Zealand revisited 0 comments
While Telecom's stock price has done poorly so far this year, its CDS is one of the best in the telecommunications space and is better than larger players including AT&T, Verizon, T-Mobile parent Deutsche Telecom and other European Telecom companies including France Telecom, Telefonica and Telenor. Is there something credit investors know that stock investors do not?
Disclosure: long all stocks
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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