Up or Down ??, page-2291

Just be patience patrons, the media industry is not in doldrums unlike other industries. Instead the pandemic has actually increased the number of couch potatoes. SWM could bag another 10 million by selling out of PRT stake and reduce debt, given CAT has taken control now.

Strategy is clear as a whistle to reduce debt to zero by year end and stop paying 4-5% interest. Possible the big players don't want to rush taking SWM higher quickly with announcements as they may still want to accumulate and pump later. Saying that SP is much higher than 2020, and they expect eager retailers to bail out with profits and the accumulation and pumping continues. But volumes are still low, no one selling in big numbers yet. PE is still around 7 as per commsec and looks attractive. Two years on this thing could hit $2 who knows.