The K2 of the Telecom Shareholder

K2.jpg
photo by XanaduAsia

Telecom shares are worth a bit more than 2 euro. The Piave line, the K2 of the analysts, is about to be breached. After that there’s the unknown. It’s nothing new. When Tronchetti demanded and got 2.9 euro per share, it was known to be an “ad personam” value. To get rid of him with a golden handshake.
The industrial forecast for the share was between 1.5 and 1.7 euro. A valuation with the game frozen, in the absence of interventions, if nothing were to happen. The directors Buora, Ruggiero and Pistorio who for years have added their signatures to the destruction of the value of Telecom, are still there.
With mega salaries and stock options. Tronchetti left and left his own men in charge. Was it worth it?
Telecom reminds me of the Alitalia of a few years ago. With the Milano-Roma route at selective pricing, at the cost of a flight to New York or Tokyo.
I’m publishing one of the loads of letters about the umpteenth “pizzo”.

Greetings Beppe,
I’m writing to you about something that has happened to me and many others that has made me want to swear. I am attaching a copy of the email from the company that supplies me with the ADSL service.
They tell me that, thanks to the stupendous Italian laws regarding competition and the protection of the consumer, from next month I will be obliged to pay an extra 12 euro a month for the ADSL.
Really Telecom “no longer a monopoly” is in a certain way asking for a “pizzo”
and those like me who have done everything to avoid paying the Telecom line rental, and now is obliged to pay an extra 12 euro a month just because the ADSL is not based on a line from which Telecom can get the line rental directly.
I find all this a disgrace and the bad thing is that they don’t give us the chance to choose. I am really ashamed of living in this country each day that passes and these things don’t help. Just have a look at this. I know that it is utopian to think that something can be done and as usual we have to keep our heads down and find the money.”
F.D.B.

PS To get your head up, take part in V-day and print out the flyer!

Posted by Beppe Grillo at 05:17 PM in | Comments (0)
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