There was a sudden surge in the share price of Telstra in late trade today, Thursday.

While it is to early to be calling a bottom in anything I find Telstra very attractive at current prices. The current yield is 8.9% and held within a Self Managed Super Fund that translates to over a 10% yield. The dividend appears safe at the moment as it is supported by cash flow.
Yesterday’s close of $3.08 was the yearly low and it is easy to make a case for Telstra being back over $4.00 this year.

This article Telstra’s safety cable may prevent a nasty fall, at the Herald Sun (which is not a paper I’d normally reference) provides an good perspective on why Telstra has played its cards right in pulling out of the national broadband network.

Telstra will be able to get speeds of 100-200Mbps to some two million homes in the two key cities of Melbourne and Sydney, probably before the end of next year.

With a 10% yield and excellent forward thinking strategy in place, Telstra looks like a great place to park some cash looking for a good home.

Related posts:

1. Telstra looks like a great buy
2. Telstra Calling
3. Strong Australian Dividend Stocks
4. Telstra out of National Broadband Network
5. The Alternative Telstra Media Release