value or value trap, page-19

In a word, yes. I think you're not far off. He would need to at least offer the CPS price. But if he waits it could be cheaper. I don't know. I've said this for a while, on paper he and his SVW vehicle is losing a packet on SWM. I still think there will be some sort of regulatory boon for KS and the big boys. This is not done yet. Still undecided whether to stump up more. Good risk/reward at this price, however I've said that before also.. I picked up it's regional peer at bargain basement prices today so i'm almost loaded up the boots in FTA media already