Labour continues to bash Telecom

Labour continues its vitriolic attack on Telecom, this time it is Cunliffe weilding the axe to their share price.

Cunliffe suggested the company might have to cut its dividend to boost investment. 

Now this is just rich. After effectively confiscating their asset he now suggests that they should reduce dividends so that they can invest in the asset that has just been nicked off them. 

The total devastation so far exceeds $2.2 billion dollars, but it is more far reaching than that. Many of hard working Kiwi Mums and Dads have invested in Superannuation Funds as well as our "own" Cullen Fund that have in turn invested in Telecom. That investment has effectively been devalued by more than 20%. This will be difficult to recover and investors in those funds may well be looking at a massive loss in their protfolio.

The sad thing is that these taudry socialists have not one clue about the extent of the damage from their nonsense.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.