tne boom, page-13

MC - look at STR/TCI merger - will become TCI (2 TCI for 5 STR) and also the old dot com dog in MLB doesn't look half bad either - from the recent report though just be wary - on the surface it looks glowing - but take off a one off sale attributed to profits and it is flat - however the merger with Web Central Group (also listed as WCG - who have nice financials/growth) should have some synergies that make MLB a winner - as long as the integration goes ok.

Back to the EMI stuff - I think that there is a couple of things to consider - one is a potential takeover - but the other is that these guys now have a platform that they can roll out in regional markets. Broadband is getting taken up - they have reaped the benefits here - and that will continue, recent NZ acquisition will be beneficial there - that is future eps forecasts - but when you look at it - why stop at NZ? How about global - especially other areas of Asia with much larger populations where growth potential is higher and tech skills are low? Might explain the pe of 70 somewhat? Of course - I wouldn't buy here now - but entry on a retrace to 65 - 75 might be a long term winner?