Yep, massive free cash flow yield of 20%+ though a pandemic and the debt is going to be paid off completely very soon. This is growing business with strong fundamentals yet it is priced like it's going to go out of business.
Instead what I see is growth in all its key assets - growing market share in radio, increasing subscribers for NZ Herald, and huge revenue growth in OneRoof - total revenue went up 30%!
This is a very exciting business, OneRoof alone I'm betting is going to be worth multiples of the other assets combined down the track.
NZM Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
