I'd say 70c is a fair price. The stock should be trading around that level now. Maybe $1 for a take over.
If they can finish their transformation from a traditional terrestrial TV play to a diversified media company (streaming/on-demand/broadband/rugbypass etc) then $3 is fair long term value.
These bargain prices won't last. Was ridiculous it got down this low. This old horse ain't done yet.
Bookmarks