SP manipulated or shorted?

Been looking at trading patterns this week and today clearly shows the same pattern. Small parcels being bid and sold, on the downside.

Overall not heavy volumes, but stock is being sold down I suspect from fundies exiting after SWM leaving ASX 200, and otherwise ongoing concerns about structural and cyclical shifts that are putting pressure on margins.

The question is? How low can it go? Morningstar valuation has it at 68 cents, accounting for the recent profit downgrade. However, EBITDA is still forcecast at $210M for 2019 financial year. Plenty of free cash flow too.

I know you should look long term and acknowledge free to air advertising will continue to fall, and of course print revenue will be non existent in coming years, but you must still see good value in Channel 7 license........and increasing digital revenues too.

Given that debt will continue to erode, in 5 years likely to be debt free. Market cap is $640M but SWM rakes in over $200M each year!

So interested punters, what are your thoughts, I am very tempted to accumulate soon and will do so when it looks like selling pressure is easing ie more buyers in the queue with good volume