Can anyone help this first time investor with any advice on Seven Network (SEV). They were my first try in Sept. 2008. I bought at $5.90 (today $5.41)The company holds more cash $1.3B than its valuation with no debt. This values the Seven Network, Pacific Publications, 22% of WAN, and other investments at nil.
Second question (please excuse ignorance) SEV continues to buy back their own share. Is this good? Do they use their cash holdings to buy back these shares in a company thats only value is cash?
don't understand
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