TEN ten network holdings limited

Just started looking at this thing but 17x 2011 for a highly...

  1. 613 Posts.
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    Just started looking at this thing but 17x 2011 for a highly cyclical business seems a bit crazy to me. Sure, they will probably make some money this year but looking towards 2011 I just don't see where the ad spend comes from.

    Anyone agree or am I missing something ?
 
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