News: Seven West refutes it is in talks with Fair, page-4

re: News: Seven West refutes it is in talks w... Haha fitsch, you're still on here beating your drums. How's AVB going mate?

I have to say the action is looking pretty weak which is surprising as this business is run incredibly well. It is getting close to absolute bargain levels like it did in late 2012, when it was a gift in the low $1. It was a nice ride back up to $2.50ish indeed.

I will continue to watch media businesses that analysts and HC posters continue to write off. They aren't dead yet, and I still believe if we see a change in the media legislation and in particular the reach rule media stocks will be ripe for some M&A. I do worry though that SWM is probably the one going to be doing the buying, not the other way around. KS has had multiple opportunities to buy this out, and SVW with its buy back has probably indicated it is not interested.

I do believe that traditional media will have to take it's pain soon with NBN and Netflix bringing streaming front and centre, however, I would argue that media stocks are being priced for disaster. And if this reaches low single digits again I will come in strongly.

One only has to look at FXJ and APN's stellar run's recently to prove that there is still an appetite out there. The other thing with media stocks is that they're a late macroeconomic recovery story with leverage to advertising.

Anyway just my thoughts, I probably won't get an answer Fitsch, but good luck other holders.

Disclosure: Watching. But holding PRT as a potential take over, and bought some at 90c when Mr. Ramsay offloaded his stake