Collin Street has been updating its thesis on why SWM is a deep-value stock last year. Obviously, the Ben Graham & Munger approach has been their play with SWM. I had a chat with Rob around August, and he thinks the business is trading on 3X earnings yet has a dominant free to air position, is pivoting strongly into digital (which we believe is where earnings will be growing the most) and is facing into an advertising downturn which is more cyclical than structural in nature
SWM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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