there is a few media companies left in Aus/ Asx ARN and Southern Cross...NEC..
ideally we do not want to miss consolidation.. if price is fair...it provides us with future earnings ..
we are blessed to generate cash and now have 20% of Australian radio ownership..if we could buy whole a lot and take 30% cost out ..for a good price- why not?
it is frustrating- I get it ( I sometimes think I am dumb not to sell at 60c..etc..) but the business is firming up..transitioning and moving into right direction..reinvesting ..
overall I am supporting of capital allocation.. I do not like SP..but this will give us huge upside in next 12 -24months..
SWM Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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