tap's value, page-4

Hi soj / uzn,

Thanks for your posts and analysis. I also think tap is undervalued and in summary agreed with your analysis. What worries me about tap is:

1. If tap is such a screaming buy like we think on the surface it is - why isn't exec management and staff buying flat out during trading windows? They have the best access to the info and if they really believed in the co would be telling their friends etc.

2. What is the likely financial impact of the latest lawsuit issued against tap? That damn law suit was a bolt out of the blue for me - any kind of adverse lawsuit creates uncertainty over a stock.

I agree 65 odd cents on the surface seems ridiculous - I realise the market is inefficient at times but surely not this inefficient? Why hasn't been subject to a take over offer if its underlying value is that much higher? Something doesn't seem right to me but I'd be interested in reading any contrary views that explain the current share price.

I'd like to buy more but haven't for the reasons summarised above.