Interesting mix of headlines for SWM.
Best numbers for a while, yet still bad, it would seem.
The whole sector of traditional media has been crunched, of late by these recessionary concerns over ad spend, amongst others, and over the long run, by outright replacement from other media.
Still, at face value, for a stock on a PE of 4x, those headlines sound not so bad.
Also interesting; looking back over history, the market guessed correctly that the value of assets was grossly overstated, and that the true value was going to be but a fraction of what they were carried at.
Everything has its price. Perhaps the years of losses, and paltry cashflows have stabilised.
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