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Newspaper wrap-up 6-26-07: Dell releasing new computers

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  • The replacement for NZ Telecom Corporation (NYSE: NZT) CEO Theresa Gattung, who is retiring after eight years on the job, is not yet known but expected to be announced before the end of the week, reported the New Zealand Herald.

Safe Money's top telecoms

"We've scoured the world for stable businesses with high yields and the potential for currency-based gains," says Martin Weiss.

In his Safe Money Report he notes that he is focused on firms with steady, stable businesses. And two global telecoms that fit this profile are Telecom Corp. of New Zealand (NYSE: NZT) and Chunghwa Telecom (NYSE: CHT).

He explains, "Telecom Corp. of New Zealand is benefiting from both the strong New Zealand economy and the continuing sharp rise in the NZ dollar. Right now, the company is in the midst of a debate with the government over how to split up its operations."

He continues, "The government wants a reorganization that will promote phone competition and boost high-speed Internet use. NZT wants to make sure any changes won't prove too costly or complex. It's too soon to predict the details, but we're confident that any plan will treat all parties fairly -- including shareholders."

Continue reading Safe Money's top telecoms

Global gains: Ring up New Zealand

I've just returned from the World Money Show in Orlando where more than 10,000 investors gathered to learn about global investing. I had a chance to meet with many of the U.S. and foreign financial experts featured at the show, and over the next week I will share some of their top investment ideas. To view all of the stocks featured in this special global report, click here.

Investors seeking growth and income should look to New Zealand -- a "gem that shouldn't be ignored," says Martin Weiss. The editor of Safe Money Report notes that New Zealand's short-term government yields of 7.25% are two full percentage points more than the federal funds rate in the U.S.

And, he expects the Reserve Bank of New Zealand to hike rates even further in March -- probably to 7.5%. Meanwhile, he adds, "Growth is strong. While home sales in the U.S. are falling, in New Zealand, they rose 19% year-over-year in December. Consumer spending is rising. So are corporate profits. And the New Zealand dollar is on the upswing, rising about 13% in the past six months.

His top buy on this market is Telecom Corp. of New Zealand (NYSE:NZT), that country's pre-eminent telecom utility. And he points out, investors can buy its American Depository Receipts in the U.S. through a regular brokerage account.

Continue reading Global gains: Ring up New Zealand

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Last updated: November 11, 2009: 10:44 AM

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