SWM 0.00% 18.0¢ seven west media limited

down 22% in one day, page-6

  1. 791 Posts.
    Debt is 1.8 billion actually fitsch. SWM is TV, Magazines, Newspapers and internet content. Massive overreaction and those hedge fund guys shorted the hell out of it. I grabbed some more today and will buy more tomorrow if the sell off continues. They are still going to make nearly 500 mill this year and the debt is long dated (4-5 years) so its no problem.

    Even if the dividend is cut it will still yield well.

    Love a good firesale :-)
 
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Last trade - 09.55am 11/07/2024 (20 minute delay) ?
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