PCCW stock becomes a value number

Some investors would shudder or roll their eyes at the thought of investing in PCCW. The firm's chairman, Richard Li Tzar-kai, remains an entrenched symbol of 2000-era dotcom excesses. Hong Kong shareholders were briefly gripped by PCCW mania. This allowed the firm to take over Hongkong Telecom with little more than the Li name, vague plans of global internet broadcasting and a lot of debt.

PCCW's share price has dropped over 90 per cent since this audacious takeover (in 2000), and investors have not forgiven the firm.

via Business feed http://www.scmp.com/business/money/money-news/article/1054682/pccw-stock-becomes-value-number