SUZY in the CITY: TIPS OF THE DAY: BUY BUY!
If you're waking up in the night sweating over whether to sell your BT shares, I have an easy alternative - take a look at BT's rival Orange instead.
Unlike BT, Orange doesn't need to raise more cash, which means no automatic fall in share prices as stock floods the market. It's also in better shape than its rival with just pounds 5billion of debt - far more manageable than BT's pounds 30billion.
Balance sheets aside, Orange has a business model which works. It's already the world's second-largest mobile phone group and is growing faster in terms of sales than BT Cellnet.
The shares, which floated this year at 609p, were at a cheerful 624p yesterday. Both Vodafone and BT have fallen overall this year.
And this week, Orange will relaunch itself in France, one of the least mobiled-up countries in western Europe. Strong buy.
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|Publication:||The Mirror (London, England)|
|Date:||Jun 12, 2001|
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