If we sell Studios that return 10%, its peanuts to a good $400m value to business to reduce all debt...if your talking about Beyond..admittedly I didn't read that in the annuals...I had no idea how big our International studio feed line was...we still determine content..we tell them what we want & how we want it..we just dont have the over heads and scull duggery of staffing issues...the new buyers of studios is still subject to client..we write content, they create it..for eg..Endo with BB... If we get rid of LVR sooner rather than later..then we can look for distressed Assets at 1/2 of what we have now to bolt on.. BVOD is amazing and really is the way forward to bolt on variations of content and portal orientation..its the money in the bank we need not so much Assets...we can always buy them back or buy new or create ourselves... I understand why you like having the security of Assets...but Assets in this new world is not always a good thing...money in the bank with diversity & divs to shareholders...now thats value...
SWM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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