afr: ten undervalued says morgan stanley, page-32

Ten Network has been ranked the most expensive stock among 55 consumer discretionary companies, new data has found.

Research from Thomson Reuters StarMine reveals analysts have run the ruler over the media company and did not like what they found.

Ten fares badly on the Relative Valuation model with a score of 10. The lower the score, the more expensive the stock.

At least six of the 13 analysts tracking the stock have cut their earnings per share estimates for 2012 and 2013 by thirty per cent.

Nine of the analysts rank it as a Sell or Strong Sell.

Ten is down 54 per cent so far this year.

At the other end of the spectrum, APN News and Media is the most attractive on valuations in the sector with a score of 100.

http://www.skynews.com.au/businessnews/article.aspx?id=802056