Wednesday, September 15, 2010

The 10 year slide of Telecon


This chart from the New Zealand Stock Exchange shows the share price over the past 10 years of Telecon (also known as Telecom NZ). It is worth pointing out that Theresa "Train Wreck" Gattung was the company's boss from October 1999 to June 2007, by which time the consequences of her train of destruction were well and truly evident. In July this year the Australian business press was pointing out the massive ($A 2 billion +) write-off on her hare-brained venture there (AAPT), which was being sold to new owners. See our previous postings for more on this company.

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