full year results this thursday 11/2, page-4

I believe not so many people foresee the GFC in 2008-09. Rupert Murdoch bought Wallstree journals with top dollars. Compare with that, STW's small acquisitions will be just peanuts...

I have to admit STW's debt is not low. But compare it with the STW before capital raising at least now we are in a comfortable zone.Total borrowing was 107m on 30 Jun 09. much better looking B/S with the cost of 48c capital raising.

Most likely it woundn't go up to $1.50 in 3-6 months time. But I believe it is heavily undervalued @ 75c.so long-term buy. Happy to hold it with 6% FF dividend yield.

Just checked the holdings, WPP 20.59% and PPT 14.84(@12/11/09) totaling +35% just by two of them.