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Wednesday, 16 May 2018

7-year itch

Telstra dumped again

Telstra's (ASX: TLS) share price was dumped to a 7-year low at just $2.87 as investors lose the faith in management and the results being delivered. 

The company reported earnings would be at the bottom end of guidance.

Analysts now fear that the 22 cent dividend may not be sustainable.

Is the moment of maximum pessimism arriving?