Stocks: The Wired and the Tired

S&P's Todd Rosenbluth explains why he's still wary about telecom services outfits and gives ideas for playing the growth in the latest technologies

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

August 5, 2005 at 4:00 AM UTC

This article is for subscribers only.

Competition from cable and wireless outfits continues to plague wireline telecom service providers, which have had to slash prices of their offerings. The stocks in this group have declined 5.1% in the year ending July 31, vs. a 2.6% gain in the S&P 1500 Index, says Todd Rosenbluth, who follows telecommunications stocks for Standard & Poor's Equity Research Services.

Although Rosenbluth has a negative outlook overall for the traditional telecom carriers, he still thinks some stocks are worth buying. CenturyTel (CTL ) is his only strong buy recommendation in U.S.-based telecom services.