The price war you speak of has already begun, the price of bandwith from the major suppliers (read infrastructure providers not ISP's) has come down significantly in the last 6 months as PWK have pointed out numerous times.
PWK also continues to grow their data centre capabilities, add on services, and their investment in the Vocus group is starting to pay off.
The reason for the low ball price in my opinion is the off balance sheet debt the company still carries from PPC-1. Remember that they have never consolidated the PPC-1 vehicle into their financial results.
PWK Price at posting:
$5.92 Sentiment: None Disclosure: Held
