"The first and last time we wrote a story about the enigmatic chief executive of Rand and Tribune, their share prices shot up 30 per cent and 60 per cent respectively. It is tightly held. And this is the problem, especially for minorities, that is, who are feeling a little oppressed.That was back in April. The twins were then trading on a PE multiple of two. At $85 million, their combined market cap was described by Anton Billis as "about right". "The market is the best barometer of value", he said - it's now twice that and still cheap.This time around, Billis was not available for comment. When asked for their perspective however, some of his shareholders were not as reticent. The reason the stocks were so cheap was that they were largely immune to takeover because Billis controlled them via people he has described only as "Europeans"."
Comedy gold
RIM Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
